Ford Motor (NYSE:F) Shares Sold by Prudential PLC

Prudential PLC lowered its stake in shares of Ford Motor (NYSE:FGet Rating) by 81.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,797 shares of the auto manufacturer’s stock after selling 52,571 shares during the period. Prudential PLC’s holdings in Ford Motor were worth $245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Equitable Holdings Inc. boosted its stake in Ford Motor by 6.2% during the fourth quarter. Equitable Holdings Inc. now owns 155,810 shares of the auto manufacturer’s stock worth $3,236,000 after buying an additional 9,104 shares during the last quarter. Stonegate Investment Group LLC acquired a new position in shares of Ford Motor in the 4th quarter valued at $896,000. Great Valley Advisor Group Inc. lifted its stake in shares of Ford Motor by 67.2% in the 4th quarter. Great Valley Advisor Group Inc. now owns 43,675 shares of the auto manufacturer’s stock valued at $887,000 after purchasing an additional 17,547 shares during the last quarter. Linscomb & Williams Inc. lifted its stake in shares of Ford Motor by 24.4% in the 4th quarter. Linscomb & Williams Inc. now owns 21,761 shares of the auto manufacturer’s stock valued at $452,000 after purchasing an additional 4,264 shares during the last quarter. Finally, Nwam LLC lifted its stake in shares of Ford Motor by 256.4% in the 4th quarter. Nwam LLC now owns 40,810 shares of the auto manufacturer’s stock valued at $848,000 after purchasing an additional 29,359 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

In other news, major shareholder Motor Co Ford sold 8,000,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $26.80, for a total value of $214,400,000.00. Following the completion of the sale, the insider now directly owns 93,947,494 shares of the company’s stock, valued at approximately $2,517,792,839.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Clay Ford, Jr. purchased 267,697 shares of Ford Motor stock in a transaction dated Thursday, March 24th. The stock was acquired at an average cost of $16.81 per share, with a total value of $4,499,986.57. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by company insiders.

Several equities analysts have recently commented on F shares. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $23.00 to $17.00 in a research note on Thursday, April 7th. Credit Suisse Group cut their price objective on Ford Motor from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, February 4th. StockNews.com started coverage on Ford Motor in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup cut their price objective on Ford Motor from $23.00 to $18.00 in a report on Monday, March 28th. Finally, Tigress Financial boosted their price objective on Ford Motor from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.76.

Shares of NYSE F opened at $12.50 on Friday. The stock has a market cap of $50.25 billion, a PE ratio of 4.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.94. Ford Motor has a 52-week low of $12.07 and a 52-week high of $25.87. The business has a 50-day moving average price of $15.23 and a 200 day moving average price of $18.21.

Ford Motor (NYSE:FGet Rating) last announced its earnings results on Wednesday, April 27th. The auto manufacturer reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Ford Motor had a net margin of 8.57% and a return on equity of 12.46%. The firm had revenue of $32.11 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same period last year, the company earned $0.89 earnings per share. Sell-side analysts anticipate that Ford Motor will post 1.92 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Tuesday, April 26th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 25th. This represents a $0.40 dividend on an annualized basis and a yield of 3.20%. Ford Motor’s payout ratio is 14.08%.

About Ford Motor (Get Rating)

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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