Ford Motor (NYSE:F) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC decreased its holdings in Ford Motor (NYSE:F) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,772 shares of the auto manufacturer’s stock after selling 3,192 shares during the quarter. NewEdge Wealth LLC’s holdings in Ford Motor were worth $278,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. AJ Wealth Strategies LLC boosted its stake in Ford Motor by 2.7% during the 1st quarter. AJ Wealth Strategies LLC now owns 31,374 shares of the auto manufacturer’s stock valued at $531,000 after purchasing an additional 820 shares in the last quarter. First Manhattan Co. lifted its position in shares of Ford Motor by 6.7% during the 4th quarter. First Manhattan Co. now owns 13,649 shares of the auto manufacturer’s stock valued at $159,000 after acquiring an additional 853 shares during the last quarter. Zuckerman Investment Group LLC lifted its position in shares of Ford Motor by 3.6% during the 2nd quarter. Zuckerman Investment Group LLC now owns 24,355 shares of the auto manufacturer’s stock valued at $368,000 after acquiring an additional 855 shares during the last quarter. Atlas Brown Inc. lifted its position in shares of Ford Motor by 1.0% during the 3rd quarter. Atlas Brown Inc. now owns 85,588 shares of the auto manufacturer’s stock valued at $1,063,000 after acquiring an additional 862 shares during the last quarter. Finally, Waverly Advisors LLC lifted its position in shares of Ford Motor by 8.1% during the 4th quarter. Waverly Advisors LLC now owns 11,812 shares of the auto manufacturer’s stock valued at $137,000 after acquiring an additional 886 shares during 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 subject of a number of recent research reports. Barclays increased their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $12.00 price objective on shares of Ford Motor in a research report on Wednesday, February 7th. UBS Group lowered Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a report on Wednesday, January 17th. Morgan Stanley increased their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.82.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.80% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE:F opened at $12.07 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The business has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $11.76. The firm has a market cap of $47.94 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.96 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, topping the consensus estimate of $0.12 by $0.17. The firm had revenue of $43.21 billion for the quarter, compared to the consensus estimate of $43.06 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. As a group, sell-side analysts predict that Ford Motor will post 1.9 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.33 per share. This represents a yield of 4.7%. The ex-dividend date was Thursday, February 15th. Ford Motor’s payout ratio is 55.56%.

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.