Sterling Capital Management LLC cut its stake in shares of Ford Motor (NYSE:F - Free Report) by 65.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,397 shares of the auto manufacturer's stock after selling 30,733 shares during the period. Sterling Capital Management LLC's holdings in Ford Motor were worth $162,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hager Investment Management Services LLC bought a new position in Ford Motor in the 4th quarter worth about $26,000. Bank of Jackson Hole Trust bought a new position in shares of Ford Motor in the fourth quarter worth approximately $29,000. Flagship Wealth Advisors LLC bought a new stake in Ford Motor during the fourth quarter valued at approximately $30,000. Kentucky Trust Co purchased a new position in Ford Motor in the 4th quarter worth approximately $31,000. Finally, Crewe Advisors LLC raised its position in shares of 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 buying an additional 2,068 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently commented on F shares. Wells Fargo & Company reduced their target price on Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a research note on Thursday, February 6th. StockNews.com lowered Ford Motor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. UBS Group dropped their target price on Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Piper Sandler reduced their price target on shares of Ford Motor from $13.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Finally, TD Cowen started coverage on shares of Ford Motor in a report on Friday, March 7th. They issued a "hold" rating and a $10.00 price objective for the company. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $9.77.
View Our Latest Report on F
Ford Motor Trading Up 1.3 %
Shares of NYSE:F traded up $0.13 on Wednesday, hitting $9.78. The company had a trading volume of 158,378,930 shares, compared to its average volume of 72,356,311. Ford Motor has a 1 year low of $8.44 and a 1 year high of $14.85. 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 firm's 50-day simple moving average is $9.61 and its two-hundred day simple moving average is $10.12. The firm has a market capitalization of $38.75 billion, a price-to-earnings ratio of 6.70, a P/E/G ratio of 0.61 and a beta of 1.41.
Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating 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%. Equities analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.
Ford Motor Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.14%. Ford Motor's dividend payout ratio (DPR) is presently 41.10%.
About Ford Motor
(
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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