Mercer Global Advisors Inc. ADV Sells 116,639 Shares of Ford Motor (NYSE:F)

Mercer Global Advisors Inc. ADV trimmed its holdings in Ford Motor (NYSE:F - Free Report) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,199 shares of the auto manufacturer's stock after selling 116,639 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Ford Motor were worth $4,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor during the 4th quarter valued at $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor during the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Ford Motor in the fourth quarter worth about $30,000. Kentucky Trust Co bought a new position in shares of Ford Motor in the fourth quarter valued at approximately $31,000. Finally, Crewe Advisors LLC grew its stake in Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer's stock valued at $33,000 after acquiring an additional 2,068 shares in the last quarter. Institutional investors own 58.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on F. Wells Fargo & Company cut their price target on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. boosted their target price 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 target on Ford Motor from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Citigroup initiated coverage on Ford Motor in a report on Wednesday, April 23rd. They set a "neutral" rating and a $10.00 price objective for the company. Finally, UBS Group dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $9.83.

Ford Motor Trading Down 0.8 %

Shares of F stock opened at $10.20 on Tuesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The business has a 50-day moving average of $9.73 and a 200 day moving average of $10.07. The stock has a market capitalization of $40.43 billion, a PE ratio of 6.99, a P/E/G ratio of 0.61 and a beta of 1.41. Ford Motor has a 1-year low of $8.44 and a 1-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, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm had revenue of $40.66 billion for the quarter, compared to analysts' expectations of $35.99 billion. During the same quarter last year, the business earned $0.49 earnings per share. The business's revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.88%. Ford Motor's payout ratio is presently 41.10%.

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.

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