Ford Motor Company (NYSE:F) Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lessened its position in Ford Motor Company (NYSE:F) by 10.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,722 shares of the auto manufacturer’s stock after selling 1,773 shares during the period. Thoroughbred Financial Services LLC’s holdings in Ford Motor were worth $147,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in F. Federated Hermes Inc. boosted its stake in shares of Ford Motor by 1.9% in the fourth quarter. Federated Hermes Inc. now owns 134,951 shares of the auto manufacturer’s stock valued at $1,336,000 after buying an additional 2,535 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Ford Motor by 203.7% in the fourth quarter. Cerity Partners LLC now owns 984,045 shares of the auto manufacturer’s stock valued at $9,827,000 after buying an additional 659,993 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Ford Motor by 37.0% in the fourth quarter. Bessemer Group Inc. now owns 37,414 shares of the auto manufacturer’s stock valued at $370,000 after buying an additional 10,095 shares in the last quarter. F M Investments LLC boosted its stake in shares of Ford Motor by 20.4% in the fourth quarter. F M Investments LLC now owns 125,568 shares of the auto manufacturer’s stock valued at $1,243,000 after buying an additional 21,288 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Ford Motor by 1.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 1,767,318 shares of the auto manufacturer’s stock valued at $17,496,000 after buying an additional 33,200 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the topic of a number of analyst reports. Piper Sandler lifted their price target on Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Royal Bank Of Canada lifted their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a report on Tuesday. Wolfe Research raised Ford Motor from an “underperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. Finally, Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and an average price target of $10.53.

Insider Buying and Selling

In related news, insider Andrew Frick sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the transaction, the insider directly owned 113,939 shares in the company, valued at approximately $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.48% of the company’s stock.

Ford Motor Stock Performance

NYSE F opened at $11.34 on Friday. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $11.97. The stock has a market cap of $45.13 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 3.26 and a beta of 1.48. The business has a fifty day moving average of $11.00 and a 200-day moving average of $10.25. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%. The company had revenue of $50.18 billion during the quarter, compared to analysts’ expectations of $42.91 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.3%. The ex-dividend date is Monday, August 11th. Ford Motor’s dividend payout ratio is presently 76.92%.

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.