Visionary Wealth Advisors Lowers Holdings in Ford Motor (NYSE:F)

Visionary Wealth Advisors decreased its stake in Ford Motor (NYSE:F) by 27.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,572 shares of the auto manufacturer’s stock after selling 17,459 shares during the quarter. Visionary Wealth Advisors’ holdings in Ford Motor were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Hager Investment Management Services LLC acquired a new position in Ford Motor in the 4th quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new position in Ford Motor in the 4th quarter worth about $29,000. Flagship Wealth Advisors LLC acquired a new position in Ford Motor in the 4th quarter worth about $30,000. Kentucky Trust Co acquired a new position in Ford Motor in the 4th quarter worth about $31,000. Finally, Crewe Advisors LLC raised its holdings in Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,068 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on F. Citigroup increased their target price on Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Wells Fargo & Company reduced their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. BNP Paribas raised Ford Motor to a “hold” rating in a report on Monday, February 10th. Bank of America reduced their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Sanford C. Bernstein cut Ford Motor from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

Ford Motor Price Performance

F stock opened at $10.71 on Wednesday. The business has a fifty day moving average of $9.95 and a two-hundred day moving average of $10.06. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The stock has a market cap of $42.45 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last posted its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. The company had revenue of $40.66 billion during the quarter, compared to analysts’ expectations of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. As a group, research analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.60%. Ford Motor’s dividend payout ratio (DPR) is 48.00%.

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.