Prudential Financial Inc. Sells 829,200 Shares of Ford Motor Company (NYSE:F)

Prudential Financial Inc. lessened its holdings in shares of Ford Motor Company (NYSE:F) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,425,095 shares of the auto manufacturer’s stock after selling 829,200 shares during the quarter. Prudential Financial Inc. owned approximately 0.29% of Ford Motor worth $136,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Balentine LLC raised its holdings in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 231 shares in the last quarter. Captrust Financial Advisors bought a new position in Ford Motor in the second quarter worth $106,000. Archford Capital Strategies LLC raised its holdings in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after purchasing an additional 676 shares in the last quarter. Reilly Financial Advisors LLC raised its holdings in Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 150 shares in the last quarter. Finally, Kelman Lazarov Inc. bought a new position in Ford Motor in the second quarter worth $116,000. Institutional investors own 53.39% of the company’s stock.

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Several equities research analysts recently commented on F shares. Buckingham Research reaffirmed a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a research report on Thursday, August 24th. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 31st. Royal Bank Of Canada reissued a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Instinet cut Ford Motor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.80 to $11.60 in a research report on Wednesday, August 9th. Finally, Nomura cut Ford Motor to a “hold” rating in a research report on Saturday, August 5th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.63.

In related news, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total value of $273,080.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the sale, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. Insiders have sold 137,076 shares of company stock worth $1,599,180 in the last quarter. 1.08% of the stock is currently owned by company insiders.

Shares of Ford Motor Company (F) opened at $12.07 on Thursday. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.08 and a current ratio of 1.19. The firm has a market capitalization of $47,950.00, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.63 and a beta of 1.25.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The firm had revenue of $33.65 billion for the quarter, compared to the consensus estimate of $32.80 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. equities research analysts forecast that Ford Motor Company will post 1.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a yield of 4.97%. Ford Motor’s dividend payout ratio is currently 54.55%.

Ford Motor Profile

Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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