Ford Motor (NYSE:F) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lessened its holdings in shares of Ford Motor (NYSE:F) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 421,500 shares of the auto manufacturer’s stock after selling 15,300 shares during the period. Hennessy Advisors Inc.’s holdings in Ford Motor were worth $4,173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of F. Cohen Investment Advisors LLC increased its position in Ford Motor by 4.6% in the fourth quarter. Cohen Investment Advisors LLC now owns 34,257 shares of the auto manufacturer’s stock worth $339,000 after buying an additional 1,491 shares during the period. Congress Park Capital LLC bought a new position in shares of Ford Motor during the fourth quarter worth about $104,000. Tallon Kerry Patrick acquired a new stake in shares of Ford Motor in the 4th quarter worth about $116,000. IFS Advisors LLC increased its holdings in shares of Ford Motor by 104.8% in the 4th quarter. IFS Advisors LLC now owns 4,095 shares of the auto manufacturer’s stock worth $41,000 after acquiring an additional 2,095 shares during the period. Finally, ERn Financial LLC increased its stake in shares of Ford Motor by 2.2% in the fourth quarter. ERn Financial LLC now owns 59,045 shares of the auto manufacturer’s stock valued at $585,000 after purchasing an additional 1,250 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Ford Motor stock opened at $10.17 on Friday. 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 company has a market cap of $40.43 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.86 and a beta of 1.64. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The firm’s 50 day simple moving average is $10.40 and its 200-day simple moving average is $10.96.

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

Ford Motor Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on F. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Finally, Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research report on Thursday, November 7th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor presently 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.