Envestnet Asset Management Inc. Sells 66,509 Shares of Ford Motor (NYSE:F)

Envestnet Asset Management Inc. cut its holdings in Ford Motor (NYSE:F - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,916,760 shares of the auto manufacturer's stock after selling 66,509 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Ford Motor were worth $18,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Aviva PLC lifted its position in shares of Ford Motor by 26.5% during the 4th quarter. Aviva PLC now owns 191,584 shares of the auto manufacturer's stock valued at $1,897,000 after acquiring an additional 40,174 shares during the last quarter. KCM Investment Advisors LLC lifted its holdings in shares of Ford Motor by 32.6% during the fourth quarter. KCM Investment Advisors LLC now owns 30,499 shares of the auto manufacturer's stock valued at $302,000 after purchasing an additional 7,504 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Ford Motor in the 4th quarter valued at $13,338,000. Prudential PLC increased its stake in Ford Motor by 22.7% in the 4th quarter. Prudential PLC now owns 250,822 shares of the auto manufacturer's stock worth $2,483,000 after purchasing an additional 46,357 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its holdings in Ford Motor by 810.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 365,136 shares of the auto manufacturer's stock worth $3,615,000 after buying an additional 325,040 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Up 2.4 %

Ford Motor stock traded up $0.23 during mid-day trading on Friday, hitting $9.63. 129,148,157 shares of the company's stock were exchanged, compared to its average volume of 71,653,631. Ford Motor has a 1-year low of $8.44 and a 1-year high of $14.85. The stock has a 50 day moving average of $9.60 and a two-hundred day moving average of $10.13. The stock has a market cap of $38.16 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.61 and a beta of 1.41. 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 (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.23%. The ex-dividend date was Tuesday, February 18th. Ford Motor's dividend payout ratio is currently 41.10%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Evercore ISI dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. BNP Paribas raised shares of Ford Motor to a "hold" rating in a research note on Monday, February 10th. Piper Sandler decreased their target price on Ford Motor from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. UBS Group lowered their price target on Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, Royal Bank of Canada reduced their price objective on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $10.30.

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.