Apollon Wealth Management LLC Decreases Holdings in Ford Motor (NYSE:F)

Apollon Wealth Management LLC cut its stake in shares of Ford Motor (NYSE:F) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,878 shares of the auto manufacturer’s stock after selling 9,072 shares during the period. Apollon Wealth Management LLC’s holdings in Ford Motor were worth $830,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor during the 4th quarter valued at $26,000. Reston Wealth Management LLC purchased a new stake in shares of Ford Motor in the third quarter worth $33,000. Crewe Advisors LLC increased its stake in shares of Ford Motor by 169.9% in the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,068 shares in the last quarter. Access Investment Management LLC purchased a new stake in shares of Ford Motor in the third quarter worth $34,000. Finally, Modus Advisors LLC purchased a new stake in shares of Ford Motor in the fourth quarter worth $34,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on F. JPMorgan Chase & Co. reduced their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research note on Thursday, November 7th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, Evercore ISI dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.89.

Ford Motor Price Performance

F stock opened at $9.22 on Wednesday. Ford Motor has a 52 week low of $9.12 and a 52 week high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a fifty day simple moving average of $10.03 and a two-hundred day simple moving average of $10.51. The firm has a market capitalization of $36.65 billion, a P/E ratio of 6.32, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Analysts anticipate that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.51%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

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.