Convergence Investment Partners LLC Trims Holdings in Ford Motor (NYSE:F)

Convergence Investment Partners LLC decreased its stake in Ford Motor (NYSE:F - Free Report) by 75.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,622 shares of the auto manufacturer's stock after selling 81,809 shares during the period. Convergence Investment Partners LLC's holdings in Ford Motor were worth $325,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bigelow Investment Advisors LLC grew its stake in shares of Ford Motor by 4.9% during the 4th quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer's stock worth $236,000 after acquiring an additional 908 shares during the period. Sage Mountain Advisors LLC boosted its position in Ford Motor by 7.1% during the third quarter. Sage Mountain Advisors LLC now owns 13,825 shares of the auto manufacturer's stock worth $172,000 after purchasing an additional 919 shares during the period. Strategic Investment Advisors MI increased its stake in shares of Ford Motor by 1.7% in the third quarter. Strategic Investment Advisors MI now owns 56,039 shares of the auto manufacturer's stock worth $696,000 after purchasing an additional 921 shares in the last quarter. North Star Asset Management Inc. raised its position in shares of Ford Motor by 8.9% in the fourth quarter. North Star Asset Management Inc. now owns 11,838 shares of the auto manufacturer's stock valued at $144,000 after purchasing an additional 971 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL boosted its holdings in Ford Motor by 8.5% in the 3rd quarter. Birmingham Capital Management Co. Inc. AL now owns 12,700 shares of the auto manufacturer's stock worth $158,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 58.74% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on F. Barclays lifted their target price on Ford Motor from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Citigroup increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Redburn Atlantic began coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a "sell" rating and a $10.00 price target for the company. Morgan Stanley lifted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. Finally, UBS Group lifted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ford Motor has an average rating of "Hold" and a consensus price target of $14.02.

Ford Motor Stock Down 0.4 %

NYSE:F traded down $0.05 on Monday, reaching $12.74. 50,357,923 shares of the stock traded hands, compared to its average volume of 54,284,477. The company's fifty day simple moving average is $12.63 and its 200 day simple moving average is $11.79. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $50.62 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.86 and a beta of 1.63.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the prior year, the company posted $0.63 earnings per share. The company's quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts predict that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.71%. Ford Motor's dividend payout ratio is currently 61.86%.

Insider Activity

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.40% of the company's stock.

Ford Motor Profile

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.