Sanders Morris Harris LLC Trims Stock Position in Ford Motor (NYSE:F)

Sanders Morris Harris LLC reduced its stake in shares of Ford Motor (NYSE:F) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,937 shares of the auto manufacturer’s stock after selling 1,962 shares during the quarter. Sanders Morris Harris LLC’s holdings in Ford Motor were worth $330,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Ford Motor during the 2nd quarter valued at $27,000. Kimelman & Baird LLC bought a new position in Ford Motor in the 2nd quarter worth about $30,000. Reston Wealth Management LLC bought a new position in Ford Motor in the 3rd quarter worth about $33,000. Access Investment Management LLC bought a new position in Ford Motor in the 3rd quarter worth about $34,000. Finally, Modus Advisors LLC bought a new position in Ford Motor in the 4th quarter worth about $34,000. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

F has been the subject of a number of recent analyst reports. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Barclays reduced their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Four research 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 has a consensus rating of “Hold” and an average price target of $11.83.

Ford Motor Price Performance

F stock traded up $0.02 during midday trading on Thursday, hitting $9.97. The company’s stock had a trading volume of 3,780,700 shares, compared to its average volume of 58,913,762. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $39.62 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.86 and a beta of 1.64. The company has a 50 day moving average of $10.44 and a two-hundred day moving average of $10.97.

Ford Motor (NYSE:F) last issued 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. The company had revenue of $46.20 billion during 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 was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. On average, analysts expect that Ford Motor will post 1.77 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 6.02%. 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.