Ford Motor (NYSE:F) Shares Sold by MCF Advisors LLC

MCF Advisors LLC cut its stake in Ford Motor (NYSE:F) by 21.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,430 shares of the auto manufacturer’s stock after selling 15,709 shares during the period. MCF Advisors LLC’s holdings in Ford Motor were worth $749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its stake in shares of 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 worth $25,000 after purchasing an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC lifted its holdings in Ford Motor by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 1,086 shares during the last quarter. Voisard Asset Management Group Inc. acquired a new position in shares of Ford Motor during the 4th quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. boosted its position in shares of 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 worth $27,000 after acquiring an additional 1,938 shares in the last quarter. Finally, Headinvest LLC purchased a new position in shares of Ford Motor in the 3rd quarter valued at about $31,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

F has been the topic of several research analyst reports. Royal Bank of Canada lifted their price target 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. Citigroup boosted their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Piper Sandler began coverage on Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. Sanford C. Bernstein started coverage on Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target on the stock. Finally, UBS Group increased their price objective on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.89.

Ford Motor Price Performance

Shares of F traded up $0.31 during mid-day trading on Friday, reaching $12.54. 65,914,694 shares of the company’s stock were exchanged, compared to its average volume of 43,732,484. Ford Motor has a 52-week low of $9.63 and a 52-week 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. The company has a 50-day simple moving average of $12.21 and a two-hundred day simple moving average of $12.23. The company has a market cap of $50.06 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.79 and a beta of 1.61.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share. On average, sell-side analysts predict 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. 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 4.78%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Insider Activity

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the transaction, the director now directly owns 168,601 shares in the company, valued at approximately $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.80% of the company’s stock.

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.