Principle Wealth Partners LLC Has $219,000 Stock Holdings in Ford Motor (NYSE:F)

Principle Wealth Partners LLC lowered its stake in Ford Motor (NYSE:F) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,004 shares of the auto manufacturer’s stock after selling 1,987 shares during the period. Principle Wealth Partners LLC’s holdings in Ford Motor were worth $219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings 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 worth $25,000 after buying an additional 1,839 shares during the period. Milestone Investment Advisors LLC bought a new position in shares of Ford Motor during the third quarter worth about $27,000. Peoples Bank KS acquired a new position in shares of Ford Motor in the third quarter worth approximately $29,000. Provence Wealth Management Group bought a new stake 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 valued at approximately $31,000. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on F shares. Barclays upped their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. UBS Group boosted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Royal Bank of Canada upped their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. Finally, Morgan Stanley increased their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.02.

Ford Motor Trading Down 0.4 %

NYSE:F opened at $12.74 on Tuesday. The firm’s 50 day moving average is $12.63 and its 200 day moving average is $11.79. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The stock has a market capitalization of $50.62 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.86 and a beta of 1.63. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping 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 the consensus estimate of $42.93 billion. During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Sell-side analysts expect that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.71%. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

Insider Activity

In related news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction 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 in the company, valued at $88,988.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.