Prudential Financial Inc. Sells 3,994,619 Shares of Ford Motor (NYSE:F)

Prudential Financial Inc. lessened its stake in Ford Motor (NYSE:F - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,417,747 shares of the auto manufacturer's stock after selling 3,994,619 shares during the quarter. Prudential Financial Inc. owned about 0.19% of Ford Motor worth $73,436,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in F. Albion Financial Group UT grew its position in Ford Motor by 38.5% in the fourth quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer's stock valued at $36,000 after acquiring an additional 1,000 shares during the period. Brighton Jones LLC boosted its position in Ford Motor by 5.4% in the fourth quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer's stock valued at $195,000 after buying an additional 1,001 shares in the last quarter. Angeles Wealth Management LLC grew its stake in Ford Motor by 1.3% during the fourth quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer's stock worth $799,000 after buying an additional 1,024 shares during the last quarter. Atlas Brown Inc. raised its stake in shares of Ford Motor by 1.7% in the fourth quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer's stock valued at $627,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Cornerstone Wealth Group LLC boosted its holdings in shares of Ford Motor by 10.6% in the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer's stock worth $113,000 after acquiring an additional 1,098 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on F shares. Evercore ISI reduced their price objective on Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a report on Monday, February 10th. Barclays lowered shares of Ford Motor from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Ford Motor from $13.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Ford Motor has an average rating of "Hold" and an average target price of $11.37.

Ford Motor Price Performance

Shares of NYSE F traded down $0.26 during midday trading on Thursday, reaching $10.05. 130,082,641 shares of the company were exchanged, compared to its average volume of 97,223,313. The stock's 50-day moving average price is $9.76 and its 200-day moving average price is $10.29. The stock has a market cap of $39.81 billion, a P/E ratio of 6.89, a PEG ratio of 0.61 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a one year low of $9.06 and a one year high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last issued 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 return on equity of 16.88% and a net margin of 3.18%. On average, sell-side analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.97%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor's payout ratio is presently 41.10%.

Ford Motor 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.