Ford Motor (NYSE:F) Shares Sold by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC decreased its holdings in Ford Motor (NYSE:F) by 30.4% in the fourth quarter, Holdings Channel reports. The firm owned 17,227 shares of the auto manufacturer’s stock after selling 7,536 shares during the period. Strategic Financial Concepts LLC’s holdings in Ford Motor were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Meridian Wealth Management LLC lifted its position in Ford Motor by 86.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock worth $8,170,000 after acquiring an additional 304,923 shares during the period. Pearl River Capital LLC lifted its position in Ford Motor by 174.2% during the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after acquiring an additional 211,037 shares during the period. TIAA Trust National Association acquired a new stake in Ford Motor during the 3rd quarter worth about $1,104,000. Mackenzie Financial Corp lifted its position in Ford Motor by 110.5% during the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock worth $8,460,000 after acquiring an additional 367,977 shares during the period. Finally, Axxcess Wealth Management LLC raised its stake in shares of Ford Motor by 616.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after buying an additional 258,920 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on F. Piper Sandler began coverage on Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. Barclays lifted their price objective on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. BNP Paribas lowered Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research note on Wednesday, December 13th. Citigroup lifted their price target on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, UBS Group lowered Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target for the company. in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus target price of $13.75.

Ford Motor Stock Up 1.7 %

Shares of Ford Motor stock traded up $0.22 during trading hours on Friday, reaching $13.28. 61,846,366 shares of the company were exchanged, compared to its average volume of 50,385,792. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The stock’s fifty day moving average is $12.24 and its 200 day moving average is $11.71. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. The firm has a market cap of $52.77 billion, a PE ratio of 12.30, a PEG ratio of 1.04 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating the consensus estimate of $0.12 by $0.17. The firm had revenue of $43.21 billion for the quarter, compared to analyst estimates of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. Ford Motor’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. As a group, equities research analysts forecast that Ford Motor will post 1.88 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.33 dividend. The ex-dividend date was Thursday, February 15th. This represents a yield of 4.7%. Ford Motor’s dividend payout ratio is presently 55.56%.

Ford Motor 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.