ProShare Advisors LLC trimmed its stake in Ford Motor Company (NYSE:F – Free Report) by 46.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 839,905 shares of the auto manufacturer’s stock after selling 733,407 shares during the quarter. ProShare Advisors LLC’s holdings in Ford Motor were worth $11,020,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. HighTower Advisors LLC grew its position in Ford Motor by 6.2% in the fourth quarter. HighTower Advisors LLC now owns 1,063,751 shares of the auto manufacturer’s stock valued at $13,956,000 after acquiring an additional 61,759 shares during the period. North Dakota State Investment Board bought a new stake in shares of Ford Motor during the fourth quarter worth $1,756,000. Elyxium Wealth LLC bought a new stake in shares of Ford Motor during the fourth quarter worth $35,000. Soltis Investment Advisors LLC grew its holdings in shares of Ford Motor by 7.1% during the fourth quarter. Soltis Investment Advisors LLC now owns 39,367 shares of the auto manufacturer’s stock worth $516,000 after purchasing an additional 2,620 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of Ford Motor during the fourth quarter worth $144,000. 58.74% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently commented on F. Bank of America began coverage on Ford Motor in a report on Wednesday, March 4th. They set a “buy” rating and a $17.00 target price on the stock. Barclays increased their target price on Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. TD Cowen decreased their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, May 1st. The Goldman Sachs Group decreased their target price on Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $13.00 target price on shares of Ford Motor in a report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.56.
Ford Motor Price Performance
Ford Motor stock opened at $13.67 on Friday. The business’s 50-day simple moving average is $12.24 and its 200 day simple moving average is $13.01. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The stock has a market cap of $54.45 billion, a price-to-earnings ratio of -8.82, a P/E/G ratio of 0.29 and a beta of 1.65. Ford Motor Company has a 12-month low of $9.88 and a 12-month high of $14.94.
Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. As a group, research analysts anticipate that Ford Motor Company will post 1.6 earnings per share for the current year.
Ford Motor Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s payout ratio is currently -38.71%.
Ford Motor Company Profile
Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.
Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.
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