Total Clarity Wealth Management Inc. Sells 9,887 Shares of Ford Motor (NYSE:F)

Total Clarity Wealth Management Inc. cut its holdings in Ford Motor (NYSE:F) by 12.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,183 shares of the auto manufacturer’s stock after selling 9,887 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Ford Motor were worth $905,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Pinnacle Associates Ltd. grew its position in Ford Motor by 2.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock worth $432,000 after purchasing an additional 817 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in Ford Motor by 29.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock valued at $44,000 after acquiring an additional 828 shares during the period. Legacy Wealth Asset Management LLC increased its stake in Ford Motor by 1.7% during the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after acquiring an additional 836 shares during the period. Insight Wealth Partners LLC raised its holdings in Ford Motor by 1.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after acquiring an additional 843 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its position in shares of Ford Motor by 2.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 846 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on F. Barclays cut their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Royal Bank of Canada decreased their target price on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Wolfe Research began coverage on Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $12.95.

Ford Motor Stock Up 0.7 %

Shares of NYSE F opened at $10.69 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The company has a market cap of $42.50 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 0.76 and a beta of 1.62. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The firm’s 50-day simple moving average is $11.47 and its 200 day simple moving average is $12.09.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The company had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. Ford Motor’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, research analysts expect that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.61%. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

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.