Xcel Wealth Management LLC Lowers Stock Holdings in Ford Motor Company $F

Xcel Wealth Management LLC cut its holdings in shares of Ford Motor Company (NYSE:F) by 4.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,028,199 shares of the auto manufacturer’s stock after selling 50,477 shares during the quarter. Ford Motor comprises approximately 3.3% of Xcel Wealth Management LLC’s holdings, making the stock its 7th biggest position. Xcel Wealth Management LLC’s holdings in Ford Motor were worth $11,865,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in F. Grove Bank & Trust increased its stake in shares of Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,000 shares in the last quarter. MV Capital Management Inc. purchased a new stake in shares of Ford Motor during the 4th quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new stake in shares of Ford Motor during the 4th quarter valued at approximately $26,000. McMillan Office Inc. bought a new position in Ford Motor in the 4th quarter worth approximately $26,000. Finally, Johnson Financial Group Inc. boosted its holdings in Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after buying an additional 837 shares during the period. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on F. UBS Group boosted their target price on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, June 8th. TD Cowen cut their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Bank of America lifted their price target on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Wells Fargo & Company boosted their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $13.00 price objective on shares of Ford Motor in a report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.70.

Ford Motor Price Performance

Shares of NYSE:F opened at $14.14 on Friday. The company has a 50 day moving average of $13.85 and a 200 day moving average of $13.36. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The stock has a market cap of $56.34 billion, a P/E ratio of -9.12, a P/E/G ratio of 0.30 and a beta of 1.79. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $17.78.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. During the same period in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Ford Motor’s dividend payout ratio is presently -38.71%.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.