Sentry Investment Management LLC Sells 2,218 Shares of Ford Motor (NYSE:F)

Sentry Investment Management LLC cut its stake in shares of Ford Motor (NYSE:F) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,643 shares of the auto manufacturer’s stock after selling 2,218 shares during the quarter. Sentry Investment Management LLC’s holdings in Ford Motor were worth $252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of F. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,839 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Ford Motor during the third quarter valued at $27,000. Quarry LP purchased a new stake in shares of Ford Motor during the second quarter valued at $28,000. Peoples Bank KS purchased a new stake in shares of Ford Motor during the third quarter valued at $29,000. Finally, Fairfield Bush & CO. purchased a new position in Ford Motor in the second quarter worth about $29,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Down 1.1 %

Shares of F opened at $12.09 on Wednesday. The business’s 50 day moving average is $12.63 and its 200 day moving average is $11.76. The company has a market capitalization of $48.04 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 0.97 and a beta of 1.63. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The business had revenue of $43.21 billion for the quarter, compared to the consensus estimate of $43.06 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. Research analysts expect that Ford Motor will post 1.9 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.33 dividend. This represents a yield of 4.7%. The ex-dividend date of this dividend was Thursday, February 15th. Ford Motor’s payout ratio is 55.56%.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Piper Sandler assumed coverage on Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price on the stock. Barclays raised their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Morgan Stanley raised their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. UBS Group cut Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Wednesday, January 17th. Finally, Citigroup raised their target price on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.82.

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.