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

Western Wealth Management LLC cut its holdings in Ford Motor (NYSE:F) by 2.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 67,972 shares of the auto manufacturer’s stock after selling 1,954 shares during the period. Western Wealth Management LLC’s holdings in Ford Motor were worth $829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meridian Wealth Management LLC increased its position in shares of Ford Motor by 86.4% during the third quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock worth $8,170,000 after purchasing an additional 304,923 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Ford Motor by 15.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after purchasing an additional 44,581 shares in the last quarter. Pearl River Capital LLC increased its position in Ford Motor by 174.2% in the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock valued at $4,125,000 after acquiring an additional 211,037 shares during the period. TIAA Trust National Association acquired a new position in Ford Motor in the 3rd quarter valued at about $1,104,000. Finally, Mackenzie Financial Corp increased its position in Ford Motor by 110.5% in the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after acquiring an additional 367,977 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Transactions at Ford Motor

In related 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 sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.80% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE:F opened at $12.14 on Friday. The business’s 50 day simple moving average is $12.59 and its 200-day simple moving average is $11.76. The firm has a market capitalization of $48.24 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42.

Ford Motor (NYSE:F) last announced its quarterly 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 business had revenue of $43.21 billion for 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 company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. As a group, equities analysts forecast that Ford Motor will post 1.89 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on F. Redburn Atlantic began coverage on Ford Motor in a research report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 price target on shares of Ford Motor in a research report 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 report on Wednesday, January 17th. Citigroup boosted their price target on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Barclays boosted their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One research 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.82.

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.