Ford Motor (F) Stake Lessened by Voloridge Investment Management LLC
Voloridge Investment Management LLC lessened its stake in Ford Motor (NYSE:F) by 42.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,998,521 shares of the auto manufacturer’s stock after selling 1,452,176 shares during the quarter. Voloridge Investment Management LLC owned 0.05% of Ford Motor worth $15,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan bought a new stake in Ford Motor in the 4th quarter worth about $804,000. Gotham Asset Management LLC bought a new stake in shares of Ford Motor during the 4th quarter valued at about $14,421,000. Baker Avenue Asset Management LP bought a new stake in shares of Ford Motor during the 4th quarter valued at about $1,181,000. Financial Advocates Investment Management grew its stake in shares of Ford Motor by 10.0% during the 4th quarter. Financial Advocates Investment Management now owns 75,132 shares of the auto manufacturer’s stock valued at $625,000 after purchasing an additional 6,825 shares during the period. Finally, Paloma Partners Management Co grew its stake in shares of Ford Motor by 187.0% during the 4th quarter. Paloma Partners Management Co now owns 37,185 shares of the auto manufacturer’s stock valued at $285,000 after purchasing an additional 24,229 shares during the period. 52.59% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. Seaport Global Securities assumed coverage on Ford Motor in a research note on Wednesday, February 13th. They set a “neutral” rating and a $8.46 price target for the company. They noted that the move was a valuation call. Jefferies Financial Group reiterated a “buy” rating and set a $11.00 price objective on shares of Ford Motor in a research note on Tuesday, January 8th. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. ValuEngine downgraded Ford Motor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Finally, Deutsche Bank began coverage on Ford Motor in a research note on Thursday, December 13th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.29.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. Ford Motor had a return on equity of 14.38% and a net margin of 2.29%. The company had revenue of $38.70 billion for the quarter, compared to analysts’ expectations of $36.83 billion. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s revenue was up .5% compared to the same quarter last year. On average, analysts forecast that Ford Motor will post 1.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, January 31st were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, January 30th. This represents a $0.60 annualized dividend and a dividend yield of 6.97%. Ford Motor’s dividend payout ratio (DPR) is 46.15%.
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Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
Further Reading: The Structure of a Futures Contract
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