Prudential PLC Sells 191,662 Shares of Ford Motor Company (NYSE:F)

Prudential PLC reduced its stake in Ford Motor Company (NYSE:F - Free Report) by 76.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,160 shares of the auto manufacturer's stock after selling 191,662 shares during the period. Prudential PLC's holdings in Ford Motor were worth $593,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust grew its holdings in Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,882 shares during the period. Elite Financial Inc. purchased a new stake in shares of Ford Motor during the first quarter valued at approximately $27,000. Olde Wealth Management LLC purchased a new stake in shares of Ford Motor during the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Ford Motor during the first quarter valued at approximately $30,000. Finally, Spurstone Advisory Services LLC purchased a new stake in Ford Motor in the fourth quarter worth approximately $31,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

Ford Motor stock opened at $11.44 on Friday. The stock has a market cap of $45.53 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 3.30 and a beta of 1.48. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.97. The firm has a 50-day moving average of $11.12 and a two-hundred day moving average of $10.30.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $50.18 billion during the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. On average, research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be issued a $0.15 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. Ford Motor's payout ratio is currently 76.92%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on F shares. UBS Group raised their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. JPMorgan Chase & Co. raised their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. The Goldman Sachs Group raised their target price on shares of Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada lifted their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 5th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $10.53.

Insider Activity at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the sale, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company's stock.

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.

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