Ford Motor (NYSE:F) Shares Sold by Zacks Investment Management

Zacks Investment Management cut its stake in shares of Ford Motor (NYSE:F - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,966,121 shares of the auto manufacturer's stock after selling 391,893 shares during the quarter. Zacks Investment Management's holdings in Ford Motor were worth $19,465,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in F. Vanguard Group Inc. boosted its stake 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 purchasing an additional 57,182,803 shares during the last quarter. Norges Bank acquired a new position in Ford Motor in the 4th quarter valued at $387,282,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock worth $1,278,153,000 after purchasing an additional 6,497,321 shares during the period. APG Asset Management N.V. purchased a new stake in shares of Ford Motor in the fourth quarter valued at $20,408,000. Finally, Geode Capital Management LLC increased its stake in Ford Motor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock valued at $830,662,000 after purchasing an additional 2,089,127 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on F shares. Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and lowered their price target for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. TD Cowen assumed coverage on shares of Ford Motor in a research note on Friday, March 7th. They set a "hold" rating and a $10.00 price target on the stock. Wells Fargo & Company lowered their price objective on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada reduced their target price on Ford Motor from $10.00 to $9.00 and set a "sector perform" 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. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $10.30.

Ford Motor Stock Up 2.4 %

Shares of F stock traded up $0.23 on Friday, hitting $9.63. The stock had a trading volume of 129,148,157 shares, compared to its average volume of 71,653,631. 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 $38.16 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 0.61 and a beta of 1.41. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The stock's 50 day moving average is $9.60 and its 200-day moving average is $10.13.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.88% and a net margin of 3.18%. As a group, research analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.23%. The ex-dividend date was Tuesday, February 18th. Ford Motor's dividend payout ratio is currently 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.