Korea Investment CORP lowered its stake in shares of Ford Motor (NYSE:F - Free Report) by 30.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,798,902 shares of the auto manufacturer's stock after selling 803,248 shares during the period. Korea Investment CORP's holdings in Ford Motor were worth $17,809,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hager Investment Management Services LLC acquired a new stake in Ford Motor in the fourth quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new stake in Ford Motor in the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC purchased a new stake in Ford Motor during the 4th quarter worth approximately $30,000. Kentucky Trust Co acquired a new position in Ford Motor during the 4th quarter valued at approximately $31,000. Finally, Crewe Advisors LLC raised its holdings in shares of Ford Motor by 169.9% in the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer's stock worth $33,000 after buying an additional 2,068 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.
Ford Motor Price Performance
Shares of F traded up $0.19 during trading hours on Wednesday, reaching $10.13. The company had a trading volume of 41,236,066 shares, compared to its average volume of 99,808,375. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a 12-month low of $9.06 and a 12-month high of $14.85. The firm has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $10.27. The company has a market capitalization of $40.13 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 0.61 and a beta of 1.59.
Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Research analysts expect that Ford Motor will post 1.47 earnings per share for the current year.
Ford Motor Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.93%. Ford Motor's dividend payout ratio (DPR) is 41.10%.
Wall Street Analyst Weigh In
F has been the subject of a number of research reports. Jefferies Financial Group cut Ford Motor from a "hold" rating to an "underperform" rating and lowered their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Piper Sandler dropped their target price on Ford Motor from $13.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Wolfe Research reissued an "underperform" rating on shares of Ford Motor in a research report on Thursday, December 5th. Evercore ISI dropped their price objective on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. Finally, Barclays cut shares of Ford Motor from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.37.
Check Out Our Latest Analysis on F
Ford Motor 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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