Prairie Sky Financial Group LLC Cuts Stake in Ford Motor (NYSE:F)

Prairie Sky Financial Group LLC lessened its holdings in shares of Ford Motor (NYSE:F) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,268 shares of the auto manufacturer’s stock after selling 1,240 shares during the period. Prairie Sky Financial Group LLC’s holdings in Ford Motor were worth $112,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its position in Ford Motor by 14,373.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after purchasing an additional 8,824,000 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Ford Motor by 112.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock worth $126,477,000 after buying an additional 6,348,185 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Ford Motor by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after buying an additional 5,270,562 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of Ford Motor in the 3rd quarter valued at $55,456,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Ford Motor by 420.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer’s stock worth $63,812,000 after acquiring an additional 4,881,105 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

NYSE F opened at $10.17 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $10.36 and its 200-day simple moving average is $10.89. The company has a market cap of $40.43 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.96 and a beta of 1.64. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, equities research analysts anticipate that Ford Motor will post 1.77 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.90%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on F. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Finally, Barclays dropped their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.83.

Ford Motor Company 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.