Ford Motor (NYSE:F) Shares Sold by DnB Asset Management AS

DnB Asset Management AS trimmed its stake in shares of Ford Motor (NYSE:F - Free Report) by 60.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 665,083 shares of the auto manufacturer's stock after selling 1,025,664 shares during the quarter. DnB Asset Management AS's holdings in Ford Motor were worth $6,584,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Pictet Asset Management Holding SA lifted its holdings in Ford Motor by 0.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,803,944 shares of the auto manufacturer's stock worth $17,859,000 after buying an additional 11,867 shares during the last quarter. New Age Alpha Advisors LLC lifted its stake in Ford Motor by 174.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 298,126 shares of the auto manufacturer's stock worth $2,951,000 after purchasing an additional 189,626 shares during the last quarter. Norges Bank acquired a new position in Ford Motor in the fourth quarter valued at approximately $387,282,000. Caisse Des Depots ET Consignations purchased a new position in Ford Motor in the fourth quarter valued at approximately $3,773,000. Finally, AssuredPartners Investment Advisors LLC acquired a new stake in Ford Motor during the fourth quarter worth approximately $417,000. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Price Performance

Shares of F traded up $0.20 during mid-day trading on Wednesday, hitting $10.14. The company's stock had a trading volume of 127,600,873 shares, compared to its average volume of 101,110,977. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a 50-day simple moving average of $9.74 and a 200 day simple moving average of $10.27. Ford Motor has a 1-year low of $9.06 and a 1-year high of $14.85. The firm has a market capitalization of $40.19 billion, a P/E ratio of 6.95, a P/E/G ratio of 0.61 and a beta of 1.59.

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Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data 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%. Analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.92%. Ford Motor's dividend payout ratio is presently 41.10%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Piper Sandler cut their price target 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, March 20th. Royal Bank of Canada dropped their price target on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. 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 note on Monday, February 10th. BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a research report on Monday, February 10th. Finally, TD Cowen initiated coverage on shares of Ford Motor in a research report on Friday, March 7th. They issued a "hold" rating and a $10.00 price target for the company. Three research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $11.37.

About Ford Motor

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.