Private Advisor Group LLC Lowers Holdings in Ford Motor (NYSE:F)

Private Advisor Group LLC cut its position in shares of Ford Motor (NYSE:F) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 539,317 shares of the auto manufacturer’s stock after selling 11,742 shares during the quarter. Private Advisor Group LLC’s holdings in Ford Motor were worth $6,574,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Bigelow Investment Advisors LLC lifted its position in shares of Ford Motor by 4.9% during the 4th quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer’s stock worth $236,000 after purchasing an additional 908 shares during the last quarter. North Star Asset Management Inc. increased its stake in Ford Motor by 8.9% during the fourth quarter. North Star Asset Management Inc. now owns 11,838 shares of the auto manufacturer’s stock valued at $144,000 after acquiring an additional 971 shares during the period. Birmingham Capital Management Co. Inc. AL increased its stake in Ford Motor by 8.5% during the third quarter. Birmingham Capital Management Co. Inc. AL now owns 12,700 shares of the auto manufacturer’s stock valued at $158,000 after acquiring an additional 1,000 shares during the period. Hedges Asset Management LLC increased its stake in Ford Motor by 1.3% during the fourth quarter. Hedges Asset Management LLC now owns 75,200 shares of the auto manufacturer’s stock valued at $917,000 after acquiring an additional 1,000 shares during the period. Finally, Lafayette Investments Inc. increased its stake in Ford Motor by 8.4% during the fourth quarter. Lafayette Investments Inc. now owns 12,950 shares of the auto manufacturer’s stock valued at $158,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE F traded down $0.04 during midday trading on Wednesday, reaching $12.13. The company’s stock had a trading volume of 6,933,892 shares, compared to its average volume of 53,412,938. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42. The business’s 50 day moving average price is $12.65 and its two-hundred day moving average price is $11.81. The company has a market cap of $48.43 billion, a P/E ratio of 12.54, a P/E/G ratio of 0.84 and a beta of 1.61.

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. The business had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. On average, analysts forecast that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed 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 is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. Ford Motor’s payout ratio is 61.86%.

Insider Activity at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the company’s 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 sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

F has been the topic of several analyst reports. Redburn Atlantic initiated coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price objective on the stock. Piper Sandler initiated coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. UBS Group increased their price target on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Citigroup increased their price target on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Morgan Stanley increased their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.74.

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.