Ancora Advisors LLC reduced its position in Ford Motor (NYSE:F - Free Report) by 72.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 24,274 shares of the auto manufacturer's stock after selling 63,124 shares during the period. Ancora Advisors LLC's holdings in Ford Motor were worth $240,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in 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 acquiring an additional 57,182,803 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 buying an additional 6,497,321 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Ford Motor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock worth $830,662,000 after purchasing an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Ford Motor by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock worth $460,444,000 after buying an additional 4,925,993 shares during the period. Finally, Norges Bank bought a new stake in shares of Ford Motor in the 4th quarter valued at $387,282,000. 58.74% of the stock is currently owned by institutional investors.
Ford Motor Stock Performance
Shares of NYSE F traded down $0.01 during midday trading on Thursday, hitting $10.28. 107,057,664 shares of the stock traded hands, compared to its average volume of 74,783,269. The firm has a market capitalization of $40.72 billion, a P/E ratio of 7.04, a PEG ratio of 0.61 and a beta of 1.53. 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 firm has a 50-day moving average of $9.77 and a two-hundred day moving average of $10.07. Ford Motor has a one year low of $8.44 and a one year high of $14.85.
Ford Motor (NYSE:F - Get Free Report) last issued its earnings results 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 company had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. On average, equities analysts forecast that Ford Motor will post 1.47 EPS for the current fiscal year.
Ford Motor Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given 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 of this dividend is Monday, May 12th. Ford Motor's payout ratio is 48.00%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on F. JPMorgan Chase & Co. boosted their price objective on Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Citigroup boosted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday. Piper Sandler lowered their price target on Ford Motor from $9.00 to $8.50 and set a "neutral" rating on the stock in a report on Tuesday. Sanford C. Bernstein downgraded Ford Motor from a "market perform" rating to an "underperform" rating and dropped their target price for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. Finally, BNP Paribas raised shares of Ford Motor to a "hold" rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.00.
Check Out Our Latest Research Report on F
Ford Motor Company Profile
(
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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