Ford Motor (NYSE:F) Shares Sold by Westpac Banking Corp

Westpac Banking Corp decreased its holdings in Ford Motor (NYSE:F) by 74.6% during the 4th quarter, HoldingsChannel reports. The fund owned 5,833 shares of the auto manufacturer’s stock after selling 17,135 shares during the quarter. Westpac Banking Corp’s holdings in Ford Motor were worth $58,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of F. Benjamin Edwards Inc. raised its position in shares of Ford Motor by 2,092.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 98,959 shares of the auto manufacturer’s stock valued at $1,045,000 after purchasing an additional 94,446 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Ford Motor by 3.0% in the third quarter. HighTower Advisors LLC now owns 828,416 shares of the auto manufacturer’s stock worth $8,736,000 after buying an additional 24,189 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Ford Motor by 6.2% in the third quarter. Janus Henderson Group PLC now owns 672,923 shares of the auto manufacturer’s stock valued at $7,103,000 after acquiring an additional 39,500 shares in the last quarter. Weiss Asset Management LP bought a new position in Ford Motor during the 3rd quarter valued at $3,999,000. Finally, Kovitz Investment Group Partners LLC grew its holdings in Ford Motor by 40.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 204,126 shares of the auto manufacturer’s stock worth $2,156,000 after acquiring an additional 59,160 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.4 %

F opened at $9.58 on Friday. The stock’s 50 day moving average price is $9.72 and its 200 day moving average price is $10.25. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The stock has a market cap of $37.95 billion, a P/E ratio of 6.56, a P/E/G ratio of 0.61 and a beta of 1.59. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating 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, research analysts predict 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. Stockholders of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on F. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. TD Cowen began coverage on Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 target price on the stock. Wells Fargo & Company lowered their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Piper Sandler reduced their price objective on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Finally, Bank of America lowered their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Three investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.37.

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.