TRUE Private Wealth Advisors Sells 1,545 Shares of Ford Motor (NYSE:F)

TRUE Private Wealth Advisors trimmed its holdings in shares of Ford Motor (NYSE:F) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,716 shares of the auto manufacturer’s stock after selling 1,545 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Ford Motor were worth $367,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Insight Wealth Partners LLC increased its holdings in Ford Motor by 1.9% during the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock worth $554,000 after purchasing an additional 843 shares during the period. Pallas Capital Advisors LLC lifted its stake in Ford Motor by 2.9% in the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 846 shares during the period. Hilltop National Bank grew its holdings in Ford Motor by 7.1% during the 2nd quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock worth $178,000 after acquiring an additional 944 shares in the last quarter. Meridian Financial Partners LLC increased its position in Ford Motor by 1.1% during the 3rd quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after purchasing an additional 953 shares during the period. Finally, Insight Advisors LLC PA raised its holdings in shares of Ford Motor by 1.6% in the 2nd quarter. Insight Advisors LLC PA now owns 61,942 shares of the auto manufacturer’s stock valued at $777,000 after purchasing an additional 962 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on F shares. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Thursday, November 7th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Barclays dropped their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average target price of $12.02.

Ford Motor Price Performance

NYSE F opened at $11.13 on Friday. The stock’s fifty day moving average price is $10.86 and its 200 day moving average price is $11.42. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The company has a market cap of $44.23 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 2.02 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. As a group, equities research analysts forecast that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.39%. Ford Motor’s payout ratio is currently 68.18%.

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.