Chapin Davis Inc. Decreases Holdings in Ford Motor (NYSE:F)

Chapin Davis Inc. cut its stake in shares of Ford Motor (NYSE:F) by 20.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 39,083 shares of the auto manufacturer’s stock after selling 10,000 shares during the quarter. Chapin Davis Inc.’s holdings in Ford Motor were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in F. Norges Bank purchased a new stake in shares of Ford Motor in the 4th quarter worth $475,899,000. Coatue Management LLC bought a new position in Ford Motor in the 4th quarter worth $149,152,000. Newport Trust Company LLC boosted its holdings in Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after buying an additional 6,667,808 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after purchasing an additional 3,522,965 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Ford Motor by 1,084.8% during the 4th quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock valued at $32,876,000 after purchasing an additional 2,469,344 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on F shares. UBS Group increased their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Royal Bank of Canada increased their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Citigroup upped their target price on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Sanford C. Bernstein began coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price on the stock. Finally, Barclays upped their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $13.89.

Insider Activity

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the transaction, the director now directly owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.40% of the company’s stock.

Ford Motor Stock Performance

Shares of NYSE:F opened at $12.77 on Tuesday. The firm has a market cap of $50.96 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. The firm’s 50 day simple moving average is $12.21 and its 200-day simple moving average is $12.24. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. As a group, equities analysts predict that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.70%. Ford Motor’s dividend payout ratio is presently 61.86%.

Ford Motor 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.