Prudential Financial Inc. Sells 3,994,619 Shares of Ford Motor (NYSE:F)

Prudential Financial Inc. lessened its position in shares of Ford Motor (NYSE:F) by 35.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,417,747 shares of the auto manufacturer’s stock after selling 3,994,619 shares during the period. Prudential Financial Inc.’s holdings in Ford Motor were worth $73,436,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hager Investment Management Services LLC bought a new position in Ford Motor in the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor during the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new position in Ford Motor during the 4th quarter worth approximately $30,000. Kentucky Trust Co bought a new position in Ford Motor in the 4th quarter valued at approximately $31,000. Finally, Crewe Advisors LLC boosted its position in Ford Motor by 169.9% in the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 2,068 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on F shares. Bank of America lowered their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. JPMorgan Chase & Co. lowered their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company cut their target price on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler decreased their price target on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.50.

Ford Motor Stock Performance

F stock opened at $10.25 on Tuesday. Ford Motor has a 1-year low of $9.06 and a 1-year high of $14.85. 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 50-day moving average price of $9.75 and a 200-day moving average price of $10.29. The firm has a market cap of $40.61 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, equities research analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Ford Motor 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.