Kestra Private Wealth Services LLC Has $6.79 Million Stock Holdings in Ford Motor (NYSE:F)

Kestra Private Wealth Services LLC decreased its stake in shares of Ford Motor (NYSE:F) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 557,227 shares of the auto manufacturer’s stock after selling 38,192 shares during the period. Kestra Private Wealth Services LLC’s holdings in Ford Motor were worth $6,793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. lifted its position in Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares during the period. Milestone Investment Advisors LLC acquired a new position in Ford Motor in the third quarter valued at approximately $27,000. Peoples Bank KS bought a new position in Ford Motor in the third quarter valued at approximately $29,000. Provence Wealth Management Group bought a new position in Ford Motor in the third quarter valued at approximately $31,000. Finally, Headinvest LLC acquired a new stake in Ford Motor during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on F. Redburn Atlantic began coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Citigroup lifted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. UBS Group upped their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Barclays lifted their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada increased their price target on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.02.

Ford Motor Stock Performance

F stock traded down $0.43 during trading hours on Tuesday, hitting $12.32. 27,940,273 shares of the stock were exchanged, compared to its average volume of 53,941,051. 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 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $48.96 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.86 and a beta of 1.63. The company has a 50-day simple moving average of $12.63 and a two-hundred day simple moving average of $11.79.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. During the same period in the previous year, the company posted $0.63 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts forecast that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Insider Activity

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the transaction, the chief accounting officer now 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 can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

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.