Ford Motor (NYSE:F) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its holdings in shares of Ford Motor (NYSE:F) by 72.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 349,494 shares of the auto manufacturer’s stock after selling 915,344 shares during the period. Van ECK Associates Corp’s holdings in Ford Motor were worth $4,260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its stake in Ford Motor by 835.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Ford Motor in the third quarter valued at about $27,000. Peoples Bank KS purchased a new position in shares of Ford Motor in the third quarter worth about $29,000. Provence Wealth Management Group acquired a new position in Ford Motor during the third quarter worth about $31,000. Finally, Headinvest LLC purchased a new stake in Ford Motor during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insiders Place Their Bets

In other 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 sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Piper Sandler assumed coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. Redburn Atlantic started coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective for the company. UBS Group boosted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Finally, Citigroup increased their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.74.

Ford Motor Price Performance

Shares of NYSE F opened at $12.43 on Monday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The company has a market capitalization of $49.39 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 0.84 and a beta of 1.61. The business has a 50-day moving average of $12.64 and a 200-day moving average of $11.80.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. Ford Motor’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. On average, equities analysts anticipate that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.83%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

About Ford Motor

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.