Zacks Investment Management Has $19.47 Million Stock Position in Ford Motor (NYSE:F)

Zacks Investment Management reduced its holdings in shares of Ford Motor (NYSE:F - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,966,121 shares of the auto manufacturer's stock after selling 391,893 shares during the quarter. Zacks Investment Management's holdings in Ford Motor were worth $19,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Evergreen Capital Management LLC grew its stake in shares of Ford Motor by 357.4% during the fourth quarter. Evergreen Capital Management LLC now owns 56,325 shares of the auto manufacturer's stock worth $558,000 after buying an additional 44,010 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Ford Motor during the 4th quarter valued at $178,000. Jump Financial LLC grew its position in Ford Motor by 14.3% during the 4th quarter. Jump Financial LLC now owns 186,981 shares of the auto manufacturer's stock worth $1,851,000 after acquiring an additional 23,384 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Ford Motor by 3.7% in the 4th quarter. Guggenheim Capital LLC now owns 536,076 shares of the auto manufacturer's stock worth $5,307,000 after purchasing an additional 19,365 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in Ford Motor in the fourth quarter valued at about $630,000. Institutional investors own 58.74% of the company's stock.

Ford Motor Trading Down 2.2 %

Shares of F stock traded down $0.21 during trading hours on Monday, hitting $9.42. 24,529,720 shares of the company were exchanged, compared to its average volume of 71,603,812. The company has a 50 day simple moving average of $9.60 and a two-hundred day simple moving average of $10.13. The firm has a market cap of $37.34 billion, a P/E ratio of 6.45, a P/E/G ratio of 0.61 and a beta of 1.41. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Equities analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.37%. Ford Motor's dividend payout ratio is 41.10%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on F shares. Royal Bank of Canada reduced their price target on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company reduced their target price on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. Piper Sandler dropped their price target on shares of Ford Motor from $13.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Bank of America reduced their price objective on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Sanford C. Bernstein lowered Ford Motor from a "market perform" rating to an "underperform" rating and lowered their target price for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.30.

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.