Ford Motor (NYSE:F) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in Ford Motor (NYSE:F) by 15.3% during the 4th quarter, Holdings Channel reports. The firm owned 931,233 shares of the auto manufacturer’s stock after selling 167,702 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Ford Motor were worth $9,219,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its holdings in Ford Motor by 88.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer’s stock valued at $222,872,000 after purchasing an additional 10,535,335 shares during the period. KKM Financial LLC grew its holdings in Ford Motor by 1.8% in the fourth quarter. KKM Financial LLC now owns 167,571 shares of the auto manufacturer’s stock valued at $1,659,000 after purchasing an additional 2,890 shares during the period. Gotham Asset Management LLC grew its holdings in Ford Motor by 134.7% in the fourth quarter. Gotham Asset Management LLC now owns 395,334 shares of the auto manufacturer’s stock valued at $3,914,000 after purchasing an additional 226,886 shares during the period. Ensign Peak Advisors Inc grew its holdings in Ford Motor by 17.3% in the fourth quarter. Ensign Peak Advisors Inc now owns 413,429 shares of the auto manufacturer’s stock valued at $4,093,000 after purchasing an additional 60,882 shares during the period. Finally, Fiduciary Trust Co grew its holdings in Ford Motor by 22.9% in the fourth quarter. Fiduciary Trust Co now owns 31,215 shares of the auto manufacturer’s stock valued at $309,000 after purchasing an additional 5,809 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on F shares. The Goldman Sachs Group boosted their price target on Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Wolfe Research raised Ford Motor from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Evercore ISI decreased their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada decreased their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Finally, BNP Paribas upgraded Ford Motor to a “hold” rating in a report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Ford Motor Stock Up 0.4%

Ford Motor stock opened at $10.80 on Friday. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.85. The stock has a 50 day moving average of $9.90 and a two-hundred day moving average of $10.05. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $42.79 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.61 and a beta of 1.53.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. The company had revenue of $40.66 billion during the quarter, compared to analysts’ expectations of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. As a group, research analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a $0.15 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.56%. Ford Motor’s dividend payout ratio is currently 48.00%.

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.