Franklin Resources Inc. cut its holdings in Ford Motor (NYSE:F - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,190,635 shares of the auto manufacturer's stock after selling 274,345 shares during the period. Franklin Resources Inc.'s holdings in Ford Motor were worth $11,787,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. NCP Inc. boosted its stake in shares of Ford Motor by 62.0% during the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer's stock worth $738,000 after purchasing an additional 28,528 shares during the period. Principal Financial Group Inc. boosted its position in shares of Ford Motor by 3.8% during the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock valued at $46,408,000 after buying an additional 160,409 shares during the period. Alberta Investment Management Corp grew its stake in shares of Ford Motor by 87.1% during the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer's stock valued at $1,941,000 after buying an additional 91,300 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Ford Motor in the fourth quarter worth approximately $10,853,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Ford Motor by 12.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer's stock worth $4,511,000 after acquiring an additional 49,844 shares during the last quarter. 58.74% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have weighed in on F shares. Bank of America reduced their target price on Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group lowered shares of Ford Motor from a "hold" rating to an "underperform" rating and decreased their price objective for the company from $12.00 to $9.00 in a report on Monday, December 16th. UBS Group dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday. StockNews.com downgraded shares of Ford Motor from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and dropped their price objective for the stock from $9.40 to $7.00 in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $10.50.
Get Our Latest Report on F
Ford Motor Stock Up 2.0 %
Shares of Ford Motor stock traded up $0.19 on Friday, reaching $9.33. The stock had a trading volume of 145,973,466 shares, compared to its average volume of 70,081,977. 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 stock has a market capitalization of $36.96 billion, a P/E ratio of 6.39, a P/E/G ratio of 0.61 and a beta of 1.41. The company has a 50 day moving average price of $9.58 and a 200 day moving average price of $10.17. Ford Motor has a 1 year low of $8.44 and a 1 year high of $14.85.
Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Ford Motor will post 1.47 EPS for the current year.
Ford Motor Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.43%. The ex-dividend date was Tuesday, February 18th. Ford Motor's dividend payout ratio is currently 41.10%.
Ford Motor Profile
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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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