Sound Income Strategies LLC Has $184,000 Position in Ford Motor Company $F

Sound Income Strategies LLC reduced its stake in shares of Ford Motor Company (NYSE:F) by 10.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 16,924 shares of the auto manufacturer’s stock after selling 2,079 shares during the quarter. Sound Income Strategies LLC’s holdings in Ford Motor were worth $184,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Wedmont Private Capital grew its position in shares of Ford Motor by 3.0% during the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after buying an additional 934 shares during the period. Meriwether Wealth & Planning LLC grew its position in shares of Ford Motor by 6.9% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock worth $165,000 after buying an additional 985 shares during the period. Atlas Capital Advisors Inc. grew its position in shares of Ford Motor by 21.2% during the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after buying an additional 989 shares during the period. City Holding Co. grew its position in shares of Ford Motor by 47.8% in the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock valued at $34,000 after purchasing an additional 1,000 shares during the period. Finally, Silver Oak Securities Incorporated grew its position in shares of Ford Motor by 2.4% in the 2nd quarter. Silver Oak Securities Incorporated now owns 43,775 shares of the auto manufacturer’s stock valued at $475,000 after purchasing an additional 1,013 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

F has been the subject of several research analyst reports. Piper Sandler boosted their price objective on Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Barclays boosted their price objective on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. UBS Group boosted their price objective on Ford Motor from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Finally, Jefferies Financial Group boosted their price objective on Ford Motor from $8.00 to $9.00 and gave the company an “underperform” rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Reduce” and a consensus target price of $10.57.

Ford Motor Trading Down 1.1%

Ford Motor stock opened at $11.96 on Wednesday. The firm has a 50-day moving average of $11.52 and a 200-day moving average of $10.77. Ford Motor Company has a one year low of $8.44 and a one year high of $12.31. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The company has a market cap of $47.60 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 3.48 and a beta of 1.52.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. During the same period in the prior year, the business posted $0.47 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.0%. Ford Motor’s dividend payout ratio is currently 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.