Federated Hermes Inc. Sells 14,186 Shares of Ford Motor (NYSE:F)

Federated Hermes Inc. trimmed its holdings in shares of Ford Motor (NYSE:F) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,666 shares of the auto manufacturer’s stock after selling 14,186 shares during the quarter. Federated Hermes Inc.’s holdings in Ford Motor were worth $1,568,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in F. Charles Schwab Investment Management Inc. grew its stake in Ford Motor by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock worth $1,085,406,000 after purchasing an additional 2,657,650 shares in the last quarter. Northern Trust Corp increased its stake in shares of Ford Motor by 3.8% during the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after buying an additional 1,392,408 shares during the period. LSV Asset Management increased its stake in shares of Ford Motor by 3.9% during the third quarter. LSV Asset Management now owns 20,238,211 shares of the auto manufacturer’s stock valued at $251,359,000 after buying an additional 751,500 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Ford Motor by 21.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock valued at $153,421,000 after acquiring an additional 2,190,915 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Ford Motor by 2.0% in the third quarter. California Public Employees Retirement System now owns 7,482,678 shares of the auto manufacturer’s stock worth $92,935,000 after acquiring an additional 150,117 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

Ford Motor Stock Down 0.4 %

F stock opened at $12.74 on Tuesday. The stock has a market capitalization of $50.62 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.86 and a beta of 1.63. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The firm has a 50 day moving average of $12.63 and a 200 day moving average of $11.79.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Sell-side analysts forecast that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.71%. Ford Motor’s payout ratio is presently 61.86%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on F. UBS Group raised their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Piper Sandler assumed coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Morgan Stanley upped their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Redburn Atlantic assumed coverage on Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 target price on the stock. Finally, Citigroup boosted their price target on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.02.

Ford Motor Company 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.