Praxis Investment Management Inc. Sells 35,080 Shares of Ford Motor Company (NYSE:F)

Praxis Investment Management Inc. lessened its holdings in Ford Motor Company (NYSE:F - Free Report) by 21.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 126,563 shares of the auto manufacturer's stock after selling 35,080 shares during the period. Praxis Investment Management Inc.'s holdings in Ford Motor were worth $1,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted 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 worth $3,980,630,000 after buying an additional 57,182,803 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Ford Motor by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock worth $1,278,153,000 after purchasing an additional 6,497,321 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ford Motor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock valued at $830,662,000 after purchasing an additional 2,089,127 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ford Motor by 11.8% during 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 in the last quarter. Finally, Norges Bank purchased a new position in shares of Ford Motor during the fourth quarter valued at about $387,282,000. 58.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on F. Barclays increased their price target on Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Piper Sandler raised their target price on shares of Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Sanford C. Bernstein downgraded shares of Ford Motor from a "market perform" rating to an "underperform" rating and decreased their price target for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. 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 price objective for the company. Three equities research 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 MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $10.03.

Ford Motor Stock Up 1.4%

Shares of NYSE F opened at $10.57 on Friday. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $14.85. The firm has a 50-day simple moving average of $10.25 and a two-hundred day simple moving average of $9.95. The company has a market cap of $42.04 billion, a P/E ratio of 8.46, a PEG ratio of 0.90 and a beta of 1.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.13 and a quick ratio of 0.97.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. The firm had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. Ford Motor's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. Research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

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

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.

Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:F - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.