Van ECK Associates Corp Trims Stock Position in Ford Motor (NYSE:F)

Van ECK Associates Corp reduced its stake in Ford Motor (NYSE:F - Free Report) by 72.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,494 shares of the auto manufacturer's stock after selling 915,344 shares during the quarter. Van ECK Associates Corp's holdings in Ford Motor were worth $4,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in F. Charles Schwab Investment Management Inc. raised its holdings in Ford Motor by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer's stock worth $1,085,406,000 after acquiring an additional 2,657,650 shares during the last quarter. Northern Trust Corp raised its stake in Ford Motor by 3.8% during the 3rd quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer's stock valued at $473,312,000 after buying an additional 1,392,408 shares during the last quarter. LSV Asset Management raised its stake in Ford Motor by 3.9% during the 3rd quarter. LSV Asset Management now owns 20,238,211 shares of the auto manufacturer's stock valued at $251,359,000 after buying an additional 751,500 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Ford Motor by 21.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer's stock valued at $153,421,000 after buying an additional 2,190,915 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Ford Motor by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 7,482,678 shares of the auto manufacturer's stock valued at $92,935,000 after buying an additional 150,117 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

Ford Motor stock traded up $0.07 during mid-day trading on Monday, hitting $12.50. The stock had a trading volume of 29,752,156 shares, compared to its average volume of 54,024,184. The firm's 50 day moving average is $12.64 and its 200 day moving average is $11.80. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The firm has a market capitalization of $49.90 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.84 and a beta of 1.61. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The business's revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts forecast that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Tuesday, May 7th. Ford Motor's dividend payout ratio (DPR) is presently 61.86%.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 7,102 shares of the company's stock, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

F has been the subject of several analyst reports. Morgan Stanley upped their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 13th. Royal Bank of Canada upped their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 25th. Piper Sandler initiated coverage on Ford Motor in a research note on Friday, March 15th. They issued a "neutral" rating and a $13.00 price objective for the company. Citigroup upped their price objective on Ford Motor from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Redburn Atlantic initiated coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a "sell" rating and a $10.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $13.74.

Ford Motor Company 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.