Ancora Advisors LLC Has $240,000 Stake in Ford Motor (NYSE:F)

Ancora Advisors LLC cut its stake in shares of Ford Motor (NYSE:F) by 72.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,274 shares of the auto manufacturer’s stock after selling 63,124 shares during the period. Ancora Advisors LLC’s holdings in Ford Motor were worth $240,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms have recently issued reports on F. Royal Bank of Canada decreased their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Citigroup initiated coverage on shares of Ford Motor in a research report on Wednesday, April 23rd. They issued a “neutral” rating and a $10.00 price target on the stock. TD Cowen initiated coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price objective for the company. Piper Sandler dropped their target price on shares of Ford Motor from $9.00 to $8.50 and set a “neutral” rating on the stock in a report on Tuesday. Finally, StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Monday. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus price target of $9.93.

Ford Motor Trading Up 2.7 %

Shares of F stock opened at $10.45 on Wednesday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The firm has a fifty day moving average of $9.75 and a 200-day moving average of $10.07. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85. The stock has a market cap of $41.40 billion, a price-to-earnings ratio of 7.15, a P/E/G ratio of 0.61 and a beta of 1.53.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.74%. Ford Motor’s dividend payout ratio is currently 48.00%.

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.