Avanza Fonder AB Trims Holdings in Ford Motor (NYSE:F)

Avanza Fonder AB reduced its stake in shares of Ford Motor (NYSE:F - Free Report) by 16.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,340 shares of the auto manufacturer's stock after selling 65,611 shares during the quarter. Avanza Fonder AB's holdings in Ford Motor were worth $3,434,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in F. Bank of Jackson Hole Trust purchased a new stake in Ford Motor in the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC purchased a new stake in Ford Motor in the fourth quarter valued at about $30,000. Spurstone Advisory Services LLC purchased a new stake in Ford Motor in the fourth quarter valued at about $31,000. Kentucky Trust Co purchased a new stake in Ford Motor in the fourth quarter valued at about $31,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in Ford Motor in the fourth quarter valued at about $31,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on F. Wall Street Zen lowered Ford Motor from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. TD Cowen began coverage on Ford Motor in a report on Friday, March 7th. They issued a "hold" rating and a $10.00 price objective on the stock. Sanford C. Bernstein lowered Ford Motor from a "market perform" rating to an "underperform" rating and cut their price objective for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. UBS Group cut their price objective on Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, The Goldman Sachs Group increased their price objective on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $10.03.

Ford Motor Price Performance

F traded down $0.12 during trading on Thursday, hitting $10.54. The company's stock had a trading volume of 76,362,141 shares, compared to its average volume of 79,716,501. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.85. The business's fifty day simple moving average is $10.08 and its 200 day simple moving average is $9.98. The firm has a market capitalization of $41.91 billion, a price-to-earnings ratio of 7.22, a P/E/G ratio of 0.61 and a beta of 1.50.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. The firm had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The business's revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. On average, equities research analysts forecast that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date was Monday, May 12th. Ford Motor's dividend payout ratio is presently 48.00%.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.