Apollon Wealth Management LLC Cuts Stake in Ford Motor (NYSE:F)

Apollon Wealth Management LLC lessened its holdings in shares of Ford Motor (NYSE:F) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,338 shares of the auto manufacturer’s stock after selling 6,565 shares during the period. Apollon Wealth Management LLC’s holdings in Ford Motor were worth $1,174,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in F. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Ford Motor by 835.9% in the fourth 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 last quarter. Milestone Investment Advisors LLC acquired a new position in shares of Ford Motor in the 3rd quarter valued at $27,000. Peoples Bank KS purchased a new position in Ford Motor in the 3rd quarter worth $29,000. Provence Wealth Management Group purchased a new stake in Ford Motor during the 3rd quarter valued at about $31,000. Finally, Headinvest LLC purchased a new stake in Ford Motor during the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays upped their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Redburn Atlantic initiated coverage on Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target for the company. Morgan Stanley upped their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. 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. Finally, Royal Bank of Canada increased their price target 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus price target of $13.74.

Ford Motor Stock Down 0.2 %

Shares of NYSE F opened at $12.15 on Thursday. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The company has a market capitalization of $48.51 billion, a P/E ratio of 12.53, a P/E/G ratio of 0.84 and a beta of 1.61. The company has a 50 day simple moving average of $12.65 and a 200-day simple moving average of $11.81. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. On average, equities research analysts predict that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Announces Dividend

The company 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 annualized dividend and a dividend yield of 4.94%. Ford Motor’s dividend payout ratio is presently 61.86%.

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 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 directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.40% of the stock is owned by corporate insiders.

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.