Bridgewater Associates LP Sells 1,154,328 Shares of Ford Motor (NYSE:F)

Bridgewater Associates LP decreased its position in Ford Motor (NYSE:F) by 96.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,032 shares of the auto manufacturer’s stock after selling 1,154,328 shares during the period. Bridgewater Associates LP’s holdings in Ford Motor were worth $416,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Ford Motor by 16.6% in the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock valued at $3,980,630,000 after acquiring an additional 57,182,803 shares during the period. Norges Bank bought a new position in shares of Ford Motor during the 4th quarter valued at about $387,282,000. Charles Schwab Investment Management Inc. increased its stake in Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after purchasing an additional 6,497,321 shares in the last quarter. APG Asset Management N.V. acquired a new stake in Ford Motor during the 4th quarter worth approximately $20,408,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Ford Motor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock valued at $830,662,000 after buying an additional 2,089,127 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 2.4 %

F stock opened at $9.63 on Friday. Ford Motor has a 1-year low of $8.44 and a 1-year high of $14.85. The business’s 50 day simple moving average is $9.60 and its 200 day simple moving average is $10.13. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $38.16 billion, a PE ratio of 6.59, a PEG ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating the consensus estimate 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, research analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 yield of 6.23%. Ford Motor’s dividend payout ratio is currently 41.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. TD Cowen began coverage on Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 target price on the stock. Evercore ISI decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Royal Bank of Canada cut their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Finally, Sanford C. Bernstein downgraded shares of Ford Motor from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.30.

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.