Hoertkorn Richard Charles Decreases Holdings in Ford Motor (NYSE:F)

Hoertkorn Richard Charles decreased its position in Ford Motor (NYSE:F) by 9.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 373,743 shares of the auto manufacturer’s stock after selling 37,868 shares during the period. Ford Motor comprises about 1.5% of Hoertkorn Richard Charles’ portfolio, making the stock its 18th biggest holding. Hoertkorn Richard Charles’ holdings in Ford Motor were worth $3,700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hager Investment Management Services LLC bought a new stake in Ford Motor in the 4th quarter worth $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Ford Motor during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC bought a new position in Ford Motor during the 4th quarter valued at approximately $30,000. Kentucky Trust Co bought a new position in Ford Motor in the 4th quarter worth about $31,000. Finally, Crewe Advisors LLC increased its stake in Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 2,068 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen assumed coverage on Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 price objective on the stock. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $12.00 to $9.00 in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their price target on Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Piper Sandler reduced their target price on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.37.

Ford Motor Stock Down 3.7 %

NYSE:F opened at $9.92 on Friday. The company has a market cap of $39.30 billion, a price-to-earnings ratio of 6.79, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. Ford Motor has a twelve month low of $9.06 and a twelve month high of $14.85. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a fifty day simple moving average of $9.76 and a 200-day simple moving average of $10.28.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share 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 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

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.