Hoertkorn Richard Charles Reduces Holdings in Ford Motor (NYSE:F)

Hoertkorn Richard Charles lowered its position in Ford Motor (NYSE:F - Free Report) by 9.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 373,743 shares of the auto manufacturer's stock after selling 37,868 shares during the period. Ford Motor accounts for approximately 1.5% of Hoertkorn Richard Charles' portfolio, making the stock its 18th biggest holding. Hoertkorn Richard Charles' holdings in Ford Motor were worth $3,700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock worth $3,980,630,000 after buying an additional 57,182,803 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ford Motor by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock worth $1,278,153,000 after acquiring an additional 6,497,321 shares during the last quarter. Geode Capital Management LLC raised its position in Ford Motor by 1.7% in the third quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer's stock valued at $863,009,000 after purchasing an additional 1,336,676 shares during the period. Norges Bank purchased a new stake in Ford Motor in the fourth quarter valued at $387,282,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Ford Motor by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,347,303 shares of the auto manufacturer's stock valued at $257,108,000 after purchasing an additional 636,330 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

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Wall Street Analysts Forecast Growth

F has been the subject of a number of recent analyst reports. Barclays cut shares of Ford Motor from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Piper Sandler cut 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. Royal Bank of Canada decreased 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. Bank of America cut their price objective on Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, BNP Paribas upgraded Ford Motor to a "hold" rating in a report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $11.37.

Ford Motor Trading Up 2.1 %

F stock traded up $0.21 during trading on Monday, reaching $9.93. 73,648,098 shares of the stock traded hands, compared to its average volume of 64,856,791. The firm has a market capitalization of $39.34 billion, a PE ratio of 6.80, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The business's 50 day moving average price is $9.75 and its 200-day moving average price is $10.28. Ford Motor has a 52-week low of $9.06 and a 52-week high of $14.85.

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 (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast that Ford Motor will post 1.47 earnings per share 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 issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.05%. Ford Motor's payout ratio is 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.