Mount Lucas Management LP Sells 113,135 Shares of Ford Motor (NYSE:F)

Mount Lucas Management LP decreased its holdings in Ford Motor (NYSE:F) by 59.5% in the third quarter, Holdings Channel reports. The firm owned 76,951 shares of the auto manufacturer’s stock after selling 113,135 shares during the quarter. Mount Lucas Management LP’s holdings in Ford Motor were worth $813,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Olistico Wealth LLC bought a new position in Ford Motor during the second quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in Ford Motor during the 2nd quarter valued at $26,000. Quarry LP bought a new position in shares of Ford Motor during the 2nd quarter valued at $27,000. Ridgewood Investments LLC purchased a new position in shares of Ford Motor in the 2nd quarter worth $28,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Ford Motor in the second quarter worth $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Wolfe Research assumed coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. 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, Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.02.

Ford Motor Trading Down 0.5 %

Shares of F stock opened at $11.01 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The stock has a fifty day simple moving average of $10.79 and a two-hundred day simple moving average of $11.50. The firm has a market capitalization of $43.76 billion, a PE ratio of 12.51, a PEG ratio of 2.00 and a beta of 1.62. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85.

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

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.45%. Ford Motor’s dividend payout ratio is 68.18%.

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.