Amalgamated Bank Reduces Stake in Ford Motor (NYSE:F)

Amalgamated Bank reduced its stake in shares of Ford Motor (NYSE:F) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 749,195 shares of the auto manufacturer’s stock after selling 19,179 shares during the period. Amalgamated Bank’s holdings in Ford Motor were worth $7,417,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of F. Patriot Financial Group Insurance Agency LLC grew its holdings in Ford Motor by 29.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 52,855 shares of the auto manufacturer’s stock valued at $558,000 after purchasing an additional 11,998 shares during the period. abrdn plc lifted its position in shares of Ford Motor by 18.3% during the 3rd quarter. abrdn plc now owns 3,124,509 shares of the auto manufacturer’s stock valued at $32,792,000 after buying an additional 483,217 shares during the last quarter. MONECO Advisors LLC lifted its position in shares of Ford Motor by 15.2% during the 3rd quarter. MONECO Advisors LLC now owns 54,054 shares of the auto manufacturer’s stock valued at $571,000 after buying an additional 7,138 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Ford Motor by 13.2% during the 3rd quarter. Fidelis Capital Partners LLC now owns 12,622 shares of the auto manufacturer’s stock worth $140,000 after acquiring an additional 1,473 shares during the period. Finally, Childress Capital Advisors LLC increased its holdings in Ford Motor by 29.4% in the 3rd quarter. Childress Capital Advisors LLC now owns 54,596 shares of the auto manufacturer’s stock worth $577,000 after acquiring an additional 12,389 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on F shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. JPMorgan Chase & Co. lowered their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Bank of America cut their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $11.89.

Ford Motor Stock Performance

NYSE:F opened at $9.48 on Thursday. The stock has a market cap of $37.55 billion, a P/E ratio of 6.49, a PEG ratio of 0.61 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The business’s 50-day moving average price is $9.78 and its two-hundred day moving average price is $10.42. Ford Motor has a twelve month low of $9.10 and a twelve month high of $14.85.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, equities analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.33%. 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.