Mission Wealth Management LP Trims Stock Position in Ford Motor (NYSE:F)

Mission Wealth Management LP lowered its stake in shares of Ford Motor (NYSE:F) by 8.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 29,903 shares of the auto manufacturer’s stock after selling 2,843 shares during the period. Mission Wealth Management LP’s holdings in Ford Motor were worth $397,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Alpine Global Management LLC purchased a new stake in Ford Motor in the third quarter valued at approximately $3,147,000. Schonfeld Strategic Advisors LLC purchased a new stake in Ford Motor in the third quarter valued at approximately $611,000. Lido Advisors LLC raised its position in Ford Motor by 41.5% in the third quarter. Lido Advisors LLC now owns 163,169 shares of the auto manufacturer’s stock valued at $2,027,000 after purchasing an additional 47,885 shares during the period. Seven Eight Capital LP purchased a new stake in Ford Motor in the third quarter valued at approximately $282,000. Finally, Crestwood Advisors Group LLC purchased a new stake in shares of Ford Motor during the third quarter worth $289,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup upped their price objective on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Barclays upped their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Piper Sandler assumed coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Royal Bank of Canada upped their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Finally, UBS Group upped 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and an average target price of $13.89.

Insider Buying and Selling

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the sale, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Ford Motor Price Performance

Shares of F traded down $0.03 during mid-day trading on Friday, reaching $12.84. 31,589,285 shares of the company’s stock were exchanged, compared to its average volume of 42,213,956. 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 $12.20 and a two-hundred day simple moving average of $12.27. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The company has a market cap of $51.26 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.83 and a beta of 1.62.

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

Ford Motor Announces Dividend

The company 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 dividend on an annualized basis and a yield of 4.67%. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

About Ford Motor

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.