Ford Motor Company $F Shares Sold by Grandview Asset Management LLC

Grandview Asset Management LLC lowered its stake in shares of Ford Motor Company (NYSE:F) by 10.4% in the second quarter, HoldingsChannel reports. The fund owned 23,055 shares of the auto manufacturer’s stock after selling 2,690 shares during the quarter. Grandview Asset Management LLC’s holdings in Ford Motor were worth $250,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Grove Bank & Trust boosted its position in shares of Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,882 shares during the period. Elite Financial Inc. purchased a new stake in shares of Ford Motor during the 1st quarter worth approximately $27,000. Olde Wealth Management LLC purchased a new position in Ford Motor during the first quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new stake in Ford Motor during the 1st quarter valued at $30,000. Finally, WPG Advisers LLC bought a new stake in Ford Motor in the first quarter worth $33,000. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

F has been the subject of several recent analyst reports. Dbs Bank lowered shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Piper Sandler lifted their price objective on shares of Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Thursday, July 31st. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. JPMorgan Chase & Co. boosted their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Finally, UBS Group increased their target price on Ford Motor from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $10.43.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider directly owned 113,939 shares in the company, valued at approximately $1,253,329. This represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.48% of the company’s stock.

Ford Motor Stock Performance

Shares of F opened at $12.02 on Friday. The stock has a 50 day moving average price of $11.49 and a two-hundred day moving average price of $10.74. The firm has a market capitalization of $47.84 billion, a P/E ratio of 15.41, a P/E/G ratio of 3.45 and a beta of 1.52. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $12.32.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company had revenue of $50.18 billion for the quarter, compared to analysts’ expectations of $42.91 billion. During the same quarter last year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s dividend payout ratio (DPR) is currently 76.92%.

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.