Advisors Asset Management Inc. Purchases 123,223 Shares of Ford Motor (NYSE:F)

Advisors Asset Management Inc. boosted its position in Ford Motor (NYSE:F - Free Report) by 42.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 414,857 shares of the auto manufacturer's stock after purchasing an additional 123,223 shares during the quarter. Advisors Asset Management Inc.'s holdings in Ford Motor were worth $4,107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mystic Asset Management Inc. purchased a new stake in shares of Ford Motor in the 4th quarter worth approximately $199,000. Axxcess Wealth Management LLC boosted its stake in Ford Motor by 7.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 126,526 shares of the auto manufacturer's stock worth $1,253,000 after purchasing an additional 8,338 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new position in Ford Motor in the fourth quarter worth about $30,000. Pitti Group Wealth Management LLC lifted its stake in shares of Ford Motor by 25.6% in the fourth quarter. Pitti Group Wealth Management LLC now owns 31,115 shares of the auto manufacturer's stock worth $308,000 after buying an additional 6,334 shares in the last quarter. Finally, Cibc World Markets Corp grew its holdings in shares of Ford Motor by 16.0% during the fourth quarter. Cibc World Markets Corp now owns 615,934 shares of the auto manufacturer's stock valued at $6,098,000 after buying an additional 85,004 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.

Analyst Ratings Changes

F has been the topic of several research analyst reports. Piper Sandler lowered their target price on shares of Ford Motor from $13.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday. TD Cowen initiated coverage on shares of Ford Motor in a report on Friday, March 7th. They issued a "hold" rating and a $10.00 target price on the stock. Jefferies Financial Group lowered shares of Ford Motor from a "hold" rating to an "underperform" rating and decreased their target price for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Wells Fargo & Company dropped their price target on Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a research note on Thursday, February 6th. Finally, Evercore ISI reduced their price objective on Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $11.50.

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Ford Motor Price Performance

NYSE:F traded up $0.25 during trading hours on Monday, hitting $10.25. 102,775,116 shares of the stock traded hands, compared to its average volume of 62,234,588. The stock has a 50 day moving average price of $9.73 and a 200 day moving average price of $10.29. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a market cap of $40.61 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. Ford Motor has a 1 year low of $9.06 and a 1 year high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Sell-side analysts forecast that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.86%. The ex-dividend date was Tuesday, February 18th. Ford Motor's dividend payout ratio (DPR) is presently 41.10%.

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.