Cwm LLC Cuts Stake in Ford Motor (NYSE:F)

Cwm LLC reduced its stake in Ford Motor (NYSE:F) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 150,552 shares of the auto manufacturer’s stock after selling 3,419 shares during the quarter. Cwm LLC’s holdings in Ford Motor were worth $1,835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bigelow Investment Advisors LLC lifted its stake in Ford Motor by 4.9% in the fourth quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer’s stock worth $236,000 after acquiring an additional 908 shares during the period. Sage Mountain Advisors LLC raised its holdings in Ford Motor by 7.1% in the third quarter. Sage Mountain Advisors LLC now owns 13,825 shares of the auto manufacturer’s stock worth $172,000 after purchasing an additional 919 shares in the last quarter. Strategic Investment Advisors MI raised its holdings in Ford Motor by 1.7% in the third quarter. Strategic Investment Advisors MI now owns 56,039 shares of the auto manufacturer’s stock worth $696,000 after purchasing an additional 921 shares in the last quarter. Birmingham Capital Management Co. Inc. AL raised its holdings in Ford Motor by 8.5% in the third quarter. Birmingham Capital Management Co. Inc. AL now owns 12,700 shares of the auto manufacturer’s stock worth $158,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Hedges Asset Management LLC raised its holdings in Ford Motor by 1.3% in the fourth quarter. Hedges Asset Management LLC now owns 75,200 shares of the auto manufacturer’s stock worth $917,000 after purchasing an additional 1,000 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.80% of the company’s stock.

Ford Motor Price Performance

NYSE F opened at $13.04 on Friday. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The stock has a 50-day moving average of $12.61 and a 200 day moving average of $11.79. The company has a market capitalization of $51.82 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.02 and a beta of 1.63. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20.

Ford Motor (NYSE:F) last released its quarterly earnings data 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 return on equity of 17.56% and a net margin of 2.21%. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period last year, the company earned $0.63 EPS. Ford Motor’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts forecast that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.60%. Ford Motor’s payout ratio is 61.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup increased their price objective on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Barclays increased their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. Royal Bank of Canada raised their price target on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Redburn Atlantic assumed coverage on Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $14.02.

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.