BetterWealth LLC Lowers Stake in Ford Motor (NYSE:F)

BetterWealth LLC cut its position in Ford Motor (NYSE:F) by 7.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,921 shares of the auto manufacturer’s stock after selling 985 shares during the period. BetterWealth LLC’s holdings in Ford Motor were worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of F. Financial Synergies Wealth Advisors Inc. grew its holdings in Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,938 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares during the period. Fortis Group Advisors LLC lifted its stake in shares of Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 1,086 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new position in shares of Ford Motor in the 4th quarter worth approximately $27,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of Ford Motor by 71.4% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,395 shares of the auto manufacturer’s stock valued at $32,000 after purchasing an additional 998 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE:F remained flat at $12.87 during trading on Thursday. The stock had a trading volume of 26,894,317 shares, compared to its average volume of 44,559,224. The business’s 50-day moving average price is $12.20 and its 200-day moving average price is $12.26. The firm has a market capitalization of $51.38 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.62. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. During the same quarter last year, the company posted $0.63 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Insider Activity at Ford Motor

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the transaction, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on F shares. Barclays upped their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Citigroup boosted their target price on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Piper Sandler started coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. Sanford C. Bernstein started coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Royal Bank of Canada upped their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.89.

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.