Procyon Advisors LLC Sells 12,497 Shares of Ford Motor (NYSE:F)

Procyon Advisors LLC reduced its stake in Ford Motor (NYSE:F) by 53.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,678 shares of the auto manufacturer’s stock after selling 12,497 shares during the quarter. Procyon Advisors LLC’s holdings in Ford Motor were worth $106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in shares of Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after buying an additional 336,720 shares in the last quarter. Principal Financial Group Inc. lifted its position in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after acquiring an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Ford Motor during the 3rd quarter valued at $55,456,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Ford Motor in the 4th quarter worth $10,853,000. Finally, ING Groep NV raised its stake in shares of Ford Motor by 93.4% in the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after purchasing an additional 570,293 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the subject of several research analyst reports. Barclays reduced their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $11.83.

Ford Motor Trading Up 1.6 %

Ford Motor stock opened at $10.17 on Tuesday. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The firm has a market capitalization of $40.43 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.86 and a beta of 1.64. The firm has a 50 day moving average of $10.38 and a 200 day moving average of $10.91. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last announced its quarterly earnings data 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 firm had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the prior year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Ford Motor will post 1.77 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared 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 was Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.90%. 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.