Tyche Wealth Partners LLC Purchases Shares of 13,093 Ford Motor (NYSE:F)

Tyche Wealth Partners LLC purchased a new stake in shares of Ford Motor (NYSE:F) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,093 shares of the auto manufacturer’s stock, valued at approximately $160,000.

A number of other institutional investors have also recently added to or reduced their stakes in F. Snider Financial Group lifted its stake in shares of Ford Motor by 100,345.2% during the first quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after purchasing an additional 219,586,336 shares in the last quarter. Norges Bank acquired a new position in shares of Ford Motor during the fourth quarter worth about $419,237,000. Moneta Group Investment Advisors LLC lifted its stake in shares of Ford Motor by 81,406.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,201,290 shares of the auto manufacturer’s stock worth $351,241,000 after purchasing an additional 30,164,236 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of Ford Motor during the second quarter worth about $53,665,000. Finally, Prudential Financial Inc. lifted its stake in shares of Ford Motor by 61.2% during the first quarter. Prudential Financial Inc. now owns 8,968,152 shares of the auto manufacturer’s stock worth $151,652,000 after purchasing an additional 3,404,530 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Buying and Selling

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

F has been the topic of several recent analyst reports. Redburn Atlantic initiated coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. Citigroup boosted their price target on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Wednesday, February 7th. UBS Group cut Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research note on Wednesday, January 17th. Finally, Piper Sandler assumed coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.82.

Ford Motor Stock Up 0.2 %

NYSE:F opened at $12.07 on Friday. The firm has a market capitalization of $47.94 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.95 and a beta of 1.63. The stock has a 50 day moving average of $12.60 and a 200-day moving average of $11.76. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. 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 (NYSE:F) last posted its 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. The company had revenue of $43.21 billion during the quarter, compared to analyst estimates of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. Analysts predict that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Dividend Announcement

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

Ford Motor 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.