Sawgrass Asset Management LLC Sells 86,113 Shares of Ford Motor (NYSE:F)

Sawgrass Asset Management LLC trimmed its position in Ford Motor (NYSE:F) by 67.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 41,278 shares of the auto manufacturer’s stock after selling 86,113 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Ford Motor were worth $503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bigelow Investment Advisors LLC grew its holdings in shares of Ford Motor by 4.9% during the fourth quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer’s stock worth $236,000 after purchasing an additional 908 shares during the last quarter. North Star Asset Management Inc. raised its stake in shares of Ford Motor by 8.9% during the fourth quarter. North Star Asset Management Inc. now owns 11,838 shares of the auto manufacturer’s stock valued at $144,000 after acquiring an additional 971 shares during the last quarter. Birmingham Capital Management Co. Inc. AL lifted its holdings in shares of Ford Motor by 8.5% during the third quarter. Birmingham Capital Management Co. Inc. AL now owns 12,700 shares of the auto manufacturer’s stock worth $158,000 after purchasing an additional 1,000 shares during the period. Hedges Asset Management LLC grew its stake in shares of Ford Motor by 1.3% in the fourth quarter. Hedges Asset Management LLC now owns 75,200 shares of the auto manufacturer’s stock worth $917,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Lafayette Investments Inc. increased its holdings in Ford Motor by 8.4% in the fourth quarter. Lafayette Investments Inc. now owns 12,950 shares of the auto manufacturer’s stock valued at $158,000 after purchasing an additional 1,000 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Down 2.7 %

Shares of NYSE:F traded down $0.34 during trading on Tuesday, reaching $12.17. 48,048,330 shares of the stock were exchanged, compared to its average volume of 53,955,992. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The stock has a fifty day moving average of $12.65 and a two-hundred day moving average of $11.81. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The firm has a market cap of $48.57 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. The firm had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 earnings per share. Research analysts anticipate that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business 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 yield of 4.93%. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on F. Morgan Stanley lifted their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Royal Bank of Canada upped their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. UBS Group raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Citigroup upped their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Barclays lifted their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.74.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.