Atria Wealth Solutions Inc. Reduces Position in Ford Motor (NYSE:F)

Atria Wealth Solutions Inc. lowered its holdings in Ford Motor (NYSE:F) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 632,678 shares of the auto manufacturer’s stock after selling 11,971 shares during the period. Atria Wealth Solutions Inc.’s holdings in Ford Motor were worth $7,712,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in F. Charles Schwab Investment Management Inc. boosted its holdings in Ford Motor by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock valued at $1,085,406,000 after acquiring an additional 2,657,650 shares during the last quarter. Northern Trust Corp boosted its holdings in Ford Motor by 3.8% in the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after acquiring an additional 1,392,408 shares during the last quarter. LSV Asset Management boosted its holdings in Ford Motor by 3.9% in the third quarter. LSV Asset Management now owns 20,238,211 shares of the auto manufacturer’s stock valued at $251,359,000 after acquiring an additional 751,500 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Ford Motor by 21.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock valued at $153,421,000 after acquiring an additional 2,190,915 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Ford Motor by 2.0% in the third quarter. California Public Employees Retirement System now owns 7,482,678 shares of the auto manufacturer’s stock valued at $92,935,000 after acquiring an additional 150,117 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on F. Citigroup lifted their target price on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Redburn Atlantic started coverage on Ford Motor in a research note on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Piper Sandler started coverage on Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Barclays boosted their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.02.

Insider Buying and Selling at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.80% of the company’s stock.

Ford Motor Price Performance

Shares of Ford Motor stock traded down $0.13 during midday trading on Friday, reaching $12.91. The company had a trading volume of 9,044,021 shares, compared to its average volume of 53,718,574. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $51.30 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63. The stock has a fifty day simple moving average of $12.61 and a 200 day simple moving average of $11.79. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.56%. The firm had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. During the same period last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Ford Motor will post 1.9 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.65%. Ford Motor’s payout ratio is presently 61.86%.

Ford Motor Company 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.