Cohen Investment Advisors LLC Lowers Stock Position in Ford Motor Company $F

Cohen Investment Advisors LLC lessened its stake in shares of Ford Motor Company (NYSE:F) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,102 shares of the auto manufacturer’s stock after selling 2,361 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Ford Motor were worth $348,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Grove Bank & Trust boosted its stake in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,882 shares during the period. Elite Financial Inc. purchased a new position in shares of Ford Motor in the first quarter valued at approximately $27,000. Olde Wealth Management LLC purchased a new position in shares of Ford Motor in the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Ford Motor in the first quarter valued at approximately $30,000. Finally, City Holding Co. boosted its stake in shares of Ford Motor by 47.8% in the second quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock valued at $34,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 1.4%

Shares of NYSE:F opened at $11.75 on Thursday. The firm’s 50 day moving average price is $11.65 and its 200 day moving average price is $10.86. The stock has a market cap of $46.76 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 3.43 and a beta of 1.53. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $12.80. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm had revenue of $50.18 billion for the quarter, compared to analysts’ expectations of $42.91 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.1%. Ford Motor’s dividend payout ratio (DPR) is presently 76.92%.

Wall Street Analyst Weigh In

Several research firms have recently commented on F. JPMorgan Chase & Co. raised their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Barclays raised their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. The Goldman Sachs Group raised their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Piper Sandler raised their price objective on shares of Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.04.

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.