Wealthspire Advisors LLC cut its holdings in Ford Motor (NYSE:F – Free Report) by 37.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 128,195 shares of the auto manufacturer’s stock after selling 77,605 shares during the quarter. Wealthspire Advisors LLC’s holdings in Ford Motor were worth $1,269,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Hager Investment Management Services LLC acquired a new position in shares of Ford Motor during the 4th quarter worth about $26,000. Bank of Jackson Hole Trust bought a new position in Ford Motor during the 4th quarter worth approximately $29,000. Kentucky Trust Co acquired a new position in Ford Motor during the fourth quarter valued at approximately $31,000. Reston Wealth Management LLC bought a new stake in Ford Motor in the third quarter valued at approximately $33,000. Finally, Crewe Advisors LLC raised its holdings in Ford Motor by 169.9% in the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,068 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.
Analysts Set New Price Targets
F has been the subject of several research analyst reports. Bank of America decreased their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Wells Fargo & Company dropped their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Evercore ISI decreased their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and an average target price of $11.89.
Ford Motor Stock Up 0.8 %
Shares of F stock opened at $9.36 on Tuesday. The firm’s fifty day moving average price is $9.80 and its two-hundred day moving average price is $10.43. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a 1 year low of $9.10 and a 1 year high of $14.85. The firm has a market capitalization of $37.08 billion, a P/E ratio of 6.41, a PEG ratio of 0.61 and a beta of 1.63.
Ford Motor (NYSE:F – Get Free Report) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, equities analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.
Ford Motor Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.41%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is 41.10%.
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.
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