CRA Financial Services LLC Decreases Stake in Ford Motor (NYSE:F)

CRA Financial Services LLC lessened its stake in Ford Motor (NYSE:F) by 14.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 22,387 shares of the auto manufacturer’s stock after selling 3,915 shares during the quarter. CRA Financial Services LLC’s holdings in Ford Motor were worth $297,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. boosted its holdings in Ford Motor by 835.9% in 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 in the last quarter. Fortis Group Advisors LLC boosted its holdings in Ford Motor by 100.0% in the fourth 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 in the last quarter. Voisard Asset Management Group Inc. acquired a new position in Ford Motor in the fourth quarter valued at approximately $27,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Headinvest LLC acquired a new position in Ford Motor in the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of Ford Motor stock traded up $0.31 during trading hours on Friday, hitting $12.54. 65,914,694 shares of the company were exchanged, compared to its average volume of 43,732,484. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The business has a 50-day moving average of $12.21 and a 200-day moving average of $12.24. The stock has a market capitalization of $50.06 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 0.79 and a beta of 1.61.

Ford Motor (NYSE:F) last released its quarterly earnings data 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. The firm had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. Ford Motor’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. As a group, analysts expect that Ford Motor will post 2.02 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s payout ratio is 61.86%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on F. Citigroup upped their price target on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. UBS Group upped their price target on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Royal Bank of Canada boosted their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Barclays boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Sanford C. Bernstein started coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.89.

Insiders Place Their Bets

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction on Friday, May 24th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by company insiders.

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.