NewSquare Capital LLC Sells 593,126 Shares of Ford Motor (NYSE:F)

NewSquare Capital LLC reduced its position in shares of Ford Motor (NYSE:F) by 98.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,098 shares of the auto manufacturer’s stock after selling 593,126 shares during the quarter. NewSquare Capital LLC’s holdings in Ford Motor were worth $100,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Keybank National Association OH raised its position in Ford Motor by 9.5% during the 4th quarter. Keybank National Association OH now owns 122,266 shares of the auto manufacturer’s stock valued at $1,210,000 after purchasing an additional 10,586 shares during the last quarter. Ariston Services Group bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $179,000. Ring Mountain Capital LLC bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $461,000. Commerzbank Aktiengesellschaft FI lifted its stake in Ford Motor by 31.0% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 207,773 shares of the auto manufacturer’s stock worth $2,053,000 after acquiring an additional 49,175 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Ford Motor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock valued at $1,278,153,000 after acquiring an additional 6,497,321 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

F opened at $9.65 on Thursday. Ford Motor has a 1 year low of $9.06 and a 1 year high of $14.85. The stock has a 50-day moving average price of $9.73 and a 200-day moving average price of $10.39. The firm has a market cap of $38.23 billion, a PE ratio of 6.61, a P/E/G ratio of 0.61 and a beta of 1.63. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

Wall Street Analyst Weigh In

F has been the subject of several research reports. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a report on Monday, February 10th. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Bank of America cut their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.89.

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.