Beacon Pointe Advisors LLC lowered its stake in Ford Motor (NYSE:F - Free Report) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,851 shares of the auto manufacturer's stock after selling 57,086 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Ford Motor were worth $1,800,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Ford Motor in the third quarter valued at $1,045,000. World Investment Advisors LLC raised its holdings in shares of Ford Motor by 31.8% during the third quarter. World Investment Advisors LLC now owns 33,168 shares of the auto manufacturer's stock valued at $350,000 after purchasing an additional 8,000 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Ford Motor during the 3rd quarter worth about $192,000. Tidal Investments LLC grew its stake in Ford Motor by 79.4% in the third quarter. Tidal Investments LLC now owns 302,940 shares of the auto manufacturer's stock valued at $3,199,000 after acquiring an additional 134,042 shares during the period. Finally, Franklin Resources Inc. raised 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 purchasing an additional 336,720 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.
Wall Street Analyst Weigh In
F has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. Piper Sandler cut their target price on shares of Ford Motor from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Barclays decreased their price objective on Ford Motor from $10.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 15th. StockNews.com lowered shares of Ford Motor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Finally, TD Cowen began coverage on shares of Ford Motor in a research report on Friday, March 7th. They set a "hold" rating and a $10.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $9.83.
Read Our Latest Report on Ford Motor
Ford Motor Trading Up 1.0 %
F stock traded up $0.10 on Friday, reaching $10.28. The company's stock had a trading volume of 82,189,367 shares, compared to its average volume of 73,590,649. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The business has a fifty day simple moving average of $9.72 and a two-hundred day simple moving average of $10.09. The firm has a market cap of $40.74 billion, a PE ratio of 7.04, a PEG ratio of 0.61 and a beta of 1.41. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.85.
Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating 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%. As a group, research analysts forecast that Ford Motor will post 1.47 EPS for the current year.
Ford Motor Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date is Monday, May 12th. Ford Motor's dividend payout ratio is 41.10%.
Ford Motor Company Profile
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Free Report)
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.
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