Avantax Planning Partners Inc. Cuts Stock Position in Ford Motor Company $F

Avantax Planning Partners Inc. lessened its holdings in Ford Motor Company (NYSE:F) by 70.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,977 shares of the auto manufacturer’s stock after selling 57,609 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Ford Motor were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Grove Bank & Trust increased its stake in shares of Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. MV Capital Management Inc. purchased a new position in Ford Motor in the fourth quarter valued at approximately $25,000. Olistico Wealth LLC bought a new position in Ford Motor during the fourth quarter valued at $26,000. McMillan Office Inc. bought a new position in Ford Motor during the fourth quarter valued at $26,000. Finally, Johnson Financial Group Inc. lifted its position in shares of Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 837 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of NYSE:F opened at $14.20 on Thursday. The company has a 50 day moving average of $14.22 and a 200 day moving average of $13.39. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The stock has a market cap of $56.58 billion, a P/E ratio of -9.16, a P/E/G ratio of 0.30 and a beta of 1.82. Ford Motor Company has a 12 month low of $10.68 and a 12 month high of $17.78.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. The business had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share. As a group, sell-side analysts forecast that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Ford Motor’s dividend payout ratio (DPR) is presently -38.71%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Bank of America increased their price target on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Wall Street Zen upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. The Goldman Sachs Group boosted their target price on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.72.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.