O Shaughnessy Asset Management LLC Sells 39,955 Shares of Ford Motor (NYSE:F)

O Shaughnessy Asset Management LLC lessened its holdings in Ford Motor (NYSE:F) by 15.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,119 shares of the auto manufacturer’s stock after selling 39,955 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Ford Motor were worth $2,229,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Franklin Resources Inc. grew its position in shares of Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after buying an additional 336,720 shares during the last quarter. NCP Inc. boosted its holdings in Ford Motor by 62.0% in the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after acquiring an additional 28,528 shares during the last quarter. Principal Financial Group Inc. increased its position in Ford Motor by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after purchasing an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in shares of Ford Motor in the 3rd quarter worth approximately $55,456,000. Finally, Alberta Investment Management Corp boosted its stake in shares of Ford Motor by 87.1% in the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after purchasing an additional 91,300 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Price Performance

F stock opened at $9.58 on Friday. 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 has a 50-day simple moving average of $9.72 and a two-hundred day simple moving average of $10.25. The company has a market capitalization of $37.95 billion, a P/E ratio of 6.56, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. Ford Motor has a 52-week low of $9.06 and a 52-week high of $14.85.

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, beating 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%. Research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.27%. Ford Motor’s dividend payout ratio is currently 41.10%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on F. Piper Sandler lowered their target price on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Evercore ISI dropped their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Wells Fargo & Company dropped their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. Finally, 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 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.37.

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.