Cambridge Investment Research Advisors Inc. Sells 63,722 Shares of Ford Motor (NYSE:F)

Cambridge Investment Research Advisors Inc. reduced its stake in Ford Motor (NYSE:F) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,648,411 shares of the auto manufacturer’s stock after selling 63,722 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Ford Motor were worth $20,094,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in F. Norges Bank acquired a new stake in shares of Ford Motor during the 4th quarter worth approximately $475,899,000. Newport Trust Company LLC lifted its stake in Ford Motor by 4.5% during the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after purchasing an additional 6,667,808 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after purchasing an additional 3,522,965 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ford Motor by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock valued at $1,085,406,000 after purchasing an additional 2,657,650 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Ford Motor by 1,084.8% during the 4th quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock worth $32,876,000 after buying an additional 2,469,344 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 0.4 %

Shares of NYSE:F traded up $0.05 during trading on Friday, reaching $12.16. 40,840,448 shares of the stock were exchanged, compared to its average volume of 43,966,092. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The stock has a fifty day moving average of $12.62 and a two-hundred day moving average of $11.94. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The firm has a market cap of $48.55 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61.

Ford Motor (NYSE:F) last posted 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 net margin of 2.21% and a return on equity of 17.63%. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Research analysts anticipate that Ford Motor will post 1.97 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s dividend payout ratio is 61.86%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays increased 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. Morgan Stanley raised their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Royal Bank of Canada upped their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Sanford C. Bernstein assumed coverage on Ford Motor in a research note on Thursday. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Piper Sandler started coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and an average target price of $13.89.

Insider Transactions at Ford Motor

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the sale, the director now owns 168,601 shares in the company, valued at approximately $2,038,386.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Mark Kosman sold 26,898 shares of the 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 completion of the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the sale, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The disclosure for this sale can be found here. Company insiders own 0.80% 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.