Edgestream Partners L.P. Cuts Stock Holdings in Ford Motor Company $F

Edgestream Partners L.P. lowered its holdings in Ford Motor Company (NYSE:F) by 39.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 268,628 shares of the auto manufacturer’s stock after selling 173,465 shares during the quarter. Edgestream Partners L.P.’s holdings in Ford Motor were worth $2,915,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Advisors Capital Management LLC raised its stake in Ford Motor by 7.1% in the second quarter. Advisors Capital Management LLC now owns 13,428 shares of the auto manufacturer’s stock worth $146,000 after buying an additional 885 shares in the last quarter. Parcion Private Wealth LLC increased its holdings in shares of Ford Motor by 7.9% in the 2nd quarter. Parcion Private Wealth LLC now owns 12,557 shares of the auto manufacturer’s stock valued at $136,000 after acquiring an additional 919 shares during the period. Wedmont Private Capital raised its position in shares of Ford Motor by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 934 shares in the last quarter. Convergence Investment Partners LLC raised its position in shares of Ford Motor by 7.4% in the 2nd quarter. Convergence Investment Partners LLC now owns 13,707 shares of the auto manufacturer’s stock worth $149,000 after acquiring an additional 941 shares in the last quarter. Finally, Hemington Wealth Management lifted its stake in shares of Ford Motor by 30.9% during the 2nd quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer’s stock worth $43,000 after purchasing an additional 947 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.4%

NYSE:F opened at $13.14 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $13.97. The company has a market cap of $52.36 billion, a PE ratio of 11.33 and a beta of 1.60. The company’s 50 day moving average is $12.68 and its two-hundred day moving average is $11.69.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The business had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. Analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.6%. Ford Motor’s dividend payout ratio is currently 51.72%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on F. The Goldman Sachs Group lifted their target price on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Wells Fargo & Company lifted their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. Royal Bank Of Canada increased their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, October 24th. UBS Group raised their target price on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $11.88.

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.