Concurrent Investment Advisors LLC Sells 2,548 Shares of Ford Motor (NYSE:F)

Concurrent Investment Advisors LLC lessened its stake in shares of Ford Motor (NYSE:F) by 1.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 165,218 shares of the auto manufacturer’s stock after selling 2,548 shares during the period. Concurrent Investment Advisors LLC’s holdings in Ford Motor were worth $1,636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Corps Capital Advisors LLC acquired a new stake in shares of Ford Motor in the 4th quarter valued at $141,000. Emerald Advisors LLC grew its stake in shares of Ford Motor by 12.6% during the fourth quarter. Emerald Advisors LLC now owns 29,514 shares of the auto manufacturer’s stock worth $292,000 after purchasing an additional 3,300 shares during the period. Alberta Investment Management Corp grew its stake in shares of Ford Motor by 87.1% during the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock worth $1,941,000 after purchasing an additional 91,300 shares during the period. Werba Rubin Papier Wealth Management acquired a new stake in shares of Ford Motor during the fourth quarter worth $192,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Ford Motor during the fourth quarter worth $29,000. Institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Evercore ISI reduced their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. BNP Paribas upgraded Ford Motor to a “hold” rating in a report on Monday, February 10th. Finally, Bank of America cut their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.89.

Ford Motor Stock Performance

F opened at $9.29 on Friday. Ford Motor has a 52-week low of $9.10 and a 52-week high of $14.85. The firm has a market capitalization of $36.80 billion, a PE ratio of 6.36, a PEG ratio of 0.61 and a beta of 1.63. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The business’s 50-day simple moving average is $9.81 and its 200 day simple moving average is $10.44.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, sell-side analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

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.