Amalgamated Bank Sells 93,724 Shares of Ford Motor (NYSE:F)

Amalgamated Bank lessened its stake in shares of Ford Motor (NYSE:F) by 8.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,014,577 shares of the auto manufacturer’s stock after selling 93,724 shares during the period. Amalgamated Bank’s holdings in Ford Motor were worth $12,368,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. SVB Wealth LLC increased its position in Ford Motor by 2.8% during the 3rd quarter. SVB Wealth LLC now owns 65,267 shares of the auto manufacturer’s stock valued at $811,000 after purchasing an additional 1,756 shares during the period. Dakota Wealth Management lifted its holdings in Ford Motor by 80.5% during the third quarter. Dakota Wealth Management now owns 18,609 shares of the auto manufacturer’s stock worth $231,000 after buying an additional 8,302 shares during the period. Total Clarity Wealth Management Inc. bought a new stake in Ford Motor during the 3rd quarter valued at $450,000. Strategic Investment Advisors MI boosted its position in Ford Motor by 1.7% during the 3rd quarter. Strategic Investment Advisors MI now owns 56,039 shares of the auto manufacturer’s stock valued at $696,000 after acquiring an additional 921 shares in the last quarter. Finally, Kennedy Investment Group increased its holdings in shares of Ford Motor by 22.5% in the 3rd quarter. Kennedy Investment Group now owns 44,711 shares of the auto manufacturer’s stock valued at $555,000 after acquiring an additional 8,215 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Buying and Selling

In other news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction dated 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 owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.80% of the stock is currently owned by company insiders.

Ford Motor Price Performance

Shares of F stock traded down $0.06 on Friday, reaching $12.43. 47,463,317 shares of the company were exchanged, compared to its average volume of 54,173,800. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The business has a 50-day moving average price of $12.63 and a 200 day moving average price of $11.80. The company has a market cap of $49.39 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 0.84 and a beta of 1.61.

Ford Motor (NYSE:F) last issued its quarterly 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. The firm had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. Equities research analysts forecast that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.83%. Ford Motor’s dividend payout ratio is presently 61.86%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on F shares. Piper Sandler assumed coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. Barclays upped their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Royal Bank of Canada raised 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. Redburn Atlantic initiated coverage on shares of Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Finally, UBS Group lifted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.74.

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.