Ford Motor (NYSE:F) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp lessened its holdings in shares of Ford Motor (NYSE:F - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,103 shares of the auto manufacturer's stock after selling 27,611 shares during the quarter. Peapack Gladstone Financial Corp's holdings in Ford Motor were worth $2,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC acquired a new stake in Ford Motor during the fourth quarter worth about $26,000. Bank of Jackson Hole Trust bought a new position in shares of Ford Motor in the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $30,000. Kentucky Trust Co bought a new stake in shares of Ford Motor during the fourth quarter worth $31,000. Finally, Crewe Advisors LLC lifted its position in Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer's stock valued at $33,000 after purchasing an additional 2,068 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Ford Motor stock traded up $0.07 during trading on Friday, reaching $9.21. The company had a trading volume of 65,730,054 shares, compared to its average volume of 69,660,292. The firm's 50-day simple moving average is $9.60 and its 200 day simple moving average is $10.18. 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 has a 52 week low of $8.44 and a 52 week high of $14.85. The firm has a market capitalization of $36.48 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41.

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Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 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%. Sell-side analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date was Tuesday, February 18th. Ford Motor's dividend payout ratio is currently 41.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on F. TD Cowen started coverage on Ford Motor in a report on Friday, March 7th. They set a "hold" rating and a $10.00 target price on the stock. BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a report on Monday, February 10th. Piper Sandler dropped their price objective on Ford Motor from $13.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Evercore ISI decreased their target price on Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. Finally, StockNews.com downgraded shares of Ford Motor from a "hold" rating to a "sell" rating in a research note on Thursday. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Ford Motor has an average rating of "Hold" and a consensus price target of $10.50.

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.