Korea Investment CORP Sells 803,248 Shares of Ford Motor (NYSE:F)

Korea Investment CORP lowered its holdings in shares of Ford Motor (NYSE:F) by 30.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,798,902 shares of the auto manufacturer’s stock after selling 803,248 shares during the period. Korea Investment CORP’s holdings in Ford Motor were worth $17,809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quest Partners LLC bought a new stake in Ford Motor during the third quarter worth approximately $96,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Ford Motor in the third quarter worth $186,000. Cerity Partners LLC boosted its holdings in shares of Ford Motor by 10.8% during the 3rd quarter. Cerity Partners LLC now owns 324,052 shares of the auto manufacturer’s stock worth $3,422,000 after buying an additional 31,707 shares during the period. Townsquare Capital LLC grew its stake in Ford Motor by 8.9% in the 3rd quarter. Townsquare Capital LLC now owns 94,090 shares of the auto manufacturer’s stock valued at $994,000 after buying an additional 7,650 shares during the last quarter. Finally, Freedom Investment Management Inc. raised its holdings in Ford Motor by 8.6% in the 3rd quarter. Freedom Investment Management Inc. now owns 14,447 shares of the auto manufacturer’s stock worth $153,000 after acquiring an additional 1,142 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on F. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. JPMorgan Chase & Co. dropped their price target on Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $12.00 to $9.00 in a research report on Monday, December 16th. TD Cowen assumed coverage on shares of Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 target price on the stock. Finally, Royal Bank of Canada reduced their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.37.

Ford Motor Stock Performance

Shares of NYSE:F opened at $9.73 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The business’s fifty day moving average price is $9.75 and its two-hundred day moving average price is $10.28. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85. The stock has a market capitalization of $38.54 billion, a price-to-earnings ratio of 6.66, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59.

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

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

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.