ProShare Advisors LLC Has $11.02 Million Position in Ford Motor Company $F

ProShare Advisors LLC reduced its stake in Ford Motor Company (NYSE:F) by 46.6% in the 4th quarter, according to the company in its most recent filing with the SEC. 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 also recently modified their holdings of F. Caxton Associates LLP acquired a new position in shares of Ford Motor during the first quarter worth approximately $304,000. Empowered Funds LLC lifted its holdings in shares of Ford Motor by 41.6% during the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Ford Motor during the second quarter worth approximately $172,000. NewEdge Advisors LLC lifted its holdings in shares of Ford Motor by 26.3% during the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock worth $2,907,000 after buying an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Ford Motor by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after buying an additional 26,526 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup cut their price target on Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a report on Monday, May 4th. TD Cowen cut their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. The Goldman Sachs Group cut their price target on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company cut their price target on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. Finally, Wall Street Zen lowered Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and an average target price of $13.56.

Ford Motor Stock Performance

Shares of NYSE F opened at $13.67 on Friday. The business has a fifty day simple moving average of $12.24 and a 200 day simple moving average of $13.01. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $54.45 billion, a price-to-earnings ratio of -8.82, a PEG ratio of 0.29 and a beta of 1.65. Ford Motor Company has a one year low of $9.88 and a one year high of $14.94.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. During the same period in the prior year, the business posted $0.14 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts expect that Ford Motor Company will post 1.6 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, May 12th. Ford Motor’s dividend payout ratio is -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.