DekaBank Deutsche Girozentrale decreased its holdings in shares of Ford Motor (NYSE:F - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 884,048 shares of the auto manufacturer's stock after selling 74,906 shares during the period. DekaBank Deutsche Girozentrale's holdings in Ford Motor were worth $10,745,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer's stock valued at $25,000 after acquiring an additional 1,839 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Ford Motor in the third quarter valued at approximately $27,000. Quarry LP acquired a new stake in shares of Ford Motor in the second quarter valued at approximately $28,000. Peoples Bank KS acquired a new stake in shares of Ford Motor in the third quarter valued at approximately $29,000. Finally, Fairfield Bush & CO. acquired a new stake in shares of Ford Motor in the second quarter valued at approximately $29,000. Institutional investors own 58.74% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on F. Redburn Atlantic began coverage on shares of Ford Motor in a report on Wednesday, January 24th. They set a "sell" rating and a $10.00 target price for the company. Citigroup boosted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, February 7th. UBS Group lowered shares of Ford Motor from a "buy" rating to a "neutral" rating and set a $12.00 price target for the company. in a report on Wednesday, January 17th. Piper Sandler initiated coverage on shares of Ford Motor in a report on Friday, March 15th. They issued a "neutral" rating and a $13.00 price target for the company. Finally, BNP Paribas cut shares of Ford Motor from an "outperform" rating to a "neutral" rating and set a $12.00 price objective on the stock. in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.75.
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Insider Transactions at Ford Motor
In other news, CAO Mark Kosman sold 26,898 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares of the company's stock, valued at approximately $88,988.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by insiders.
Ford Motor Stock Performance
F traded down $0.48 on Wednesday, reaching $13.06. The company had a trading volume of 51,285,195 shares, compared to its average volume of 53,667,555. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42. The stock has a market cap of $51.90 billion, a P/E ratio of 12.09, a P/E/G ratio of 1.06 and a beta of 1.63. The company's fifty day moving average is $12.59 and its 200 day moving average is $11.76. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20.
Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The firm had revenue of $43.21 billion for the quarter, compared to analyst estimates of $43.06 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business's revenue was up 3.5% compared to the same quarter last year. As a group, analysts predict that Ford Motor will post 1.9 earnings per share for the current fiscal year.
Ford Motor Announces Dividend
The company also recently declared a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $0.33 per share. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, February 15th. Ford Motor's dividend payout ratio (DPR) is presently 55.56%.
Ford Motor Profile
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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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