Pinnacle Associates Ltd. Reduces Position in Ford Motor (NYSE:F)

Pinnacle Associates Ltd. trimmed its holdings in shares of Ford Motor (NYSE:FFree Report) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,710 shares of the auto manufacturer’s stock after selling 5,623 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Ford Motor were worth $387,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of F. Whittier Trust Co. of Nevada Inc. grew its stake in Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,839 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in shares of Ford Motor during the third quarter valued at approximately $27,000. Quarry LP bought a new stake in shares of Ford Motor during the second quarter valued at approximately $28,000. Peoples Bank KS bought a new stake in shares of Ford Motor during the third quarter valued at approximately $29,000. Finally, Fairfield Bush & CO. bought a new stake in shares of Ford Motor during the second quarter valued at approximately $29,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s 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 sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on F. Barclays boosted their target price on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. UBS Group cut shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a research report on Wednesday, January 17th. Citigroup lifted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.75.

Read Our Latest Stock Analysis on F

Ford Motor Price Performance

F opened at $13.68 on Thursday. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04. The company’s 50 day simple moving average is $12.36 and its 200-day simple moving average is $11.71. The stock has a market capitalization of $54.34 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.06 and a beta of 1.63.

Ford Motor (NYSE:FGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating the consensus estimate of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. Ford Motor’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

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

Ford Motor Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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