Cresset Asset Management LLC Cuts Stock Holdings in Ford Motor (NYSE:F)

Cresset Asset Management LLC reduced its position in shares of Ford Motor (NYSE:F - Free Report) by 67.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,420 shares of the auto manufacturer's stock after selling 160,851 shares during the period. Cresset Asset Management LLC's holdings in Ford Motor were worth $757,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Ford Motor by 16.6% in the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock valued at $3,980,630,000 after purchasing an additional 57,182,803 shares during the last quarter. Norges Bank acquired a new stake in shares of Ford Motor in the fourth quarter valued at approximately $387,282,000. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 6,497,321 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ford Motor by 11.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock valued at $460,444,000 after purchasing an additional 4,925,993 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Ford Motor by 11.0% in the fourth quarter. Northern Trust Corp now owns 37,314,829 shares of the auto manufacturer's stock valued at $369,417,000 after purchasing an additional 3,699,857 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com raised Ford Motor from a "sell" rating to a "hold" rating in a report on Monday, May 5th. JPMorgan Chase & Co. increased their price objective on Ford Motor from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Piper Sandler lowered their price objective on Ford Motor from $9.00 to $8.50 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Barclays increased their price objective on Ford Motor from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.00.

Ford Motor Stock Up 0.4%

Shares of NYSE F opened at $10.59 on Wednesday. The stock has a market cap of $41.97 billion, a P/E ratio of 7.25, a PEG ratio of 0.61 and a beta of 1.53. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.85. The business's fifty day simple moving average is $9.85 and its 200-day simple moving average is $10.05.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion for the quarter, compared to analysts' expectations of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. As a group, equities analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Monday, May 12th. Ford Motor's payout ratio is currently 48.00%.

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.

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