Precision Wealth Strategies LLC Sells 2,000 Shares of Ford Motor (NYSE:F)

Precision Wealth Strategies LLC reduced its holdings in shares of Ford Motor (NYSE:F) by 14.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,988 shares of the auto manufacturer’s stock after selling 2,000 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Ford Motor were worth $120,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in F. NCP Inc. grew its stake in shares of Ford Motor by 62.0% in the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after buying an additional 28,528 shares in the last quarter. Alberta Investment Management Corp grew its stake in shares of Ford Motor by 87.1% in the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after buying an additional 91,300 shares in the last quarter. ABC Arbitrage SA bought a new position in shares of Ford Motor in the fourth quarter valued at $1,012,000. Tounjian Advisory Partners LLC bought a new position in shares of Ford Motor in the first quarter valued at $974,000. Finally, Wernau Asset Management Inc. bought a new position in shares of Ford Motor in the fourth quarter valued at $344,000. 58.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

F has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. TD Cowen started coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 target price for the company. UBS Group reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group lifted their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Finally, Wolfe Research raised shares of Ford Motor from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $10.03.

Ford Motor Stock Down 0.9%

F opened at $10.44 on Monday. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company has a market capitalization of $41.50 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.61 and a beta of 1.50. The stock has a fifty day moving average of $10.12 and a 200-day moving average of $9.96.

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

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date was Monday, May 12th. Ford Motor’s dividend payout ratio (DPR) is presently 48.00%.

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.