Ford Motor (NYSE:F) Stake Reduced by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC decreased its holdings in shares of Ford Motor (NYSE:F) by 9.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,246 shares of the auto manufacturer’s stock after selling 3,052 shares during the period. Cohen Investment Advisors LLC’s holdings in Ford Motor were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Sequoia Financial Advisors LLC increased its stake in Ford Motor by 15.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after purchasing an additional 44,581 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Ford Motor by 11.9% during the third quarter. Public Sector Pension Investment Board now owns 421,118 shares of the auto manufacturer’s stock valued at $5,230,000 after buying an additional 44,805 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Ford Motor in the fourth quarter worth about $56,000. Jacobs Levy Equity Management Inc. increased its position in shares of Ford Motor by 21.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock worth $153,421,000 after acquiring an additional 2,190,915 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Ford Motor by 287.4% during the fourth quarter. Cerity Partners LLC now owns 606,057 shares of the auto manufacturer’s stock valued at $7,388,000 after acquiring an additional 449,604 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on F shares. UBS Group raised their price objective on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Citigroup raised their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Piper Sandler initiated coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Finally, Barclays upped their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.89.

Ford Motor Stock Performance

F stock remained flat at $12.87 during trading on Thursday. The company had a trading volume of 26,894,317 shares, compared to its average volume of 44,559,224. The business’s fifty day simple moving average is $12.20 and its 200 day simple moving average is $12.26. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The firm has a market capitalization of $51.38 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.83 and a beta of 1.62. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 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 quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.63 earnings per share. Equities analysts predict that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

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

Insider Activity at Ford Motor

In other 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 sale, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by 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.