Baron Wealth Management LLC Sells 68,184 Shares of Ford Motor (NYSE:F)

Baron Wealth Management LLC trimmed its holdings in Ford Motor (NYSE:F) by 27.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,514 shares of the auto manufacturer’s stock after selling 68,184 shares during the quarter. Ford Motor comprises 0.9% of Baron Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Baron Wealth Management LLC’s holdings in Ford Motor were worth $1,917,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in F. Assenagon Asset Management S.A. increased its stake in Ford Motor by 14,373.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after purchasing an additional 8,824,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Ford Motor by 27.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after acquiring an additional 7,793,944 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Ford Motor by 456.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock worth $50,160,000 after acquiring an additional 3,281,800 shares during the last quarter. AQR Capital Management LLC boosted its position in Ford Motor by 103.6% during the 2nd quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock worth $60,844,000 after acquiring an additional 2,497,695 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Ford Motor by 1,215.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock worth $28,444,000 after acquiring an additional 2,488,850 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on F shares. Wolfe Research started coverage on Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft cut their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Evercore ISI upgraded Ford Motor to a “hold” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.02.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $11.23 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $44.61 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 2.00 and a beta of 1.62. The business’s 50-day moving average price is $10.80 and its 200-day moving average price is $11.49. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter last year, the firm earned $0.39 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Ford Motor will post 1.82 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.35%. Ford Motor’s payout ratio is 68.18%.

About Ford Motor

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.