Great Valley Advisor Group Inc. Sells 5,119 Shares of Ford Motor (NYSE:F)

Great Valley Advisor Group Inc. trimmed its position in Ford Motor (NYSE:F) by 6.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 70,024 shares of the auto manufacturer’s stock after selling 5,119 shares during the period. Great Valley Advisor Group Inc.’s holdings in Ford Motor were worth $854,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its stake in shares of Ford Motor by 15.0% during the 4th 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 during the period. Pearl River Capital LLC raised its position in Ford Motor by 174.2% in the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after acquiring an additional 211,037 shares during the period. TIAA Trust National Association purchased a new position in Ford Motor in the third quarter valued at about $1,104,000. Mackenzie Financial Corp grew its position in shares of Ford Motor by 110.5% during 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. Finally, Axxcess Wealth Management LLC increased its stake in shares of Ford Motor by 616.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock worth $3,738,000 after purchasing an additional 258,920 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Activity at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction dated 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 owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.80% of the stock is currently owned by insiders.

Ford Motor Stock Performance

Shares of NYSE:F opened at $12.43 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The company has a 50-day moving average price of $12.64 and a 200-day moving average price of $11.80. The company has a market cap of $49.39 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. The firm had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share. As a group, equities analysts anticipate that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.83%. Ford Motor’s dividend payout ratio is 61.86%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Barclays boosted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Redburn Atlantic started coverage on shares of Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price objective for the company. Citigroup lifted their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Piper Sandler began coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price on the stock. One equities 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 stock. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and an average price target of $13.74.

Ford Motor Company 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.