Strategic Financial Concepts LLC Acquires 6,463 Shares of Ford Motor (NYSE:F)

Strategic Financial Concepts LLC boosted its holdings in Ford Motor (NYSE:F) by 37.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,690 shares of the auto manufacturer’s stock after buying an additional 6,463 shares during the period. Strategic Financial Concepts LLC’s holdings in Ford Motor were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Financial Synergies Wealth Advisors Inc. grew its stake in Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 1,938 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC increased its holdings in shares of Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 1,086 shares during the period. Voisard Asset Management Group Inc. purchased a new stake in shares of Ford Motor in the fourth quarter worth $27,000. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Ford Motor in the third quarter worth $27,000. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on F shares. Royal Bank of Canada raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Piper Sandler started coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Citigroup lifted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Barclays increased their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley lifted their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus target price of $14.02.

Insider Buying and Selling at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the transaction, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Ford Motor Trading Down 4.7 %

Shares of NYSE:F traded down $0.60 on Tuesday, hitting $12.15. The company had a trading volume of 74,742,542 shares, compared to its average volume of 54,544,355. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. 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 firm’s 50-day simple moving average is $12.63 and its two-hundred day simple moving average is $11.79. The firm has a market capitalization of $48.28 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 0.86 and a beta of 1.63.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the prior year, the company earned $0.63 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. Equities analysts anticipate that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Ford Motor Company 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.