Kingswood Wealth Advisors LLC Trims Stock Holdings in Ford Motor Company $F

Kingswood Wealth Advisors LLC trimmed its position in Ford Motor Company (NYSE:F) by 87.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 18,052 shares of the auto manufacturer’s stock after selling 121,198 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Ford Motor were worth $196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Grove Bank & Trust grew its stake in Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,882 shares during the period. Elite Financial Inc. purchased a new stake in Ford Motor in the first quarter worth $27,000. Olde Wealth Management LLC bought a new stake in Ford Motor in the first quarter worth $28,000. MorganRosel Wealth Management LLC bought a new stake in Ford Motor in the first quarter worth $30,000. Finally, City Holding Co. boosted its holdings in Ford Motor by 47.8% in the second quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after acquiring an additional 1,000 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

F has been the topic of several analyst reports. The Goldman Sachs Group boosted their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Piper Sandler boosted their target price on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Ford Motor in a report on Saturday, September 27th. UBS Group boosted their target price on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.04.

Ford Motor Trading Down 0.7%

Shares of NYSE:F opened at $11.43 on Monday. The company has a market cap of $45.47 billion, a P/E ratio of 14.65, a PEG ratio of 3.26 and a beta of 1.53. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $12.80. The stock’s fifty day moving average price is $11.67 and its 200-day moving average price is $10.89.

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

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Monday, August 11th. Ford Motor’s dividend payout ratio is 76.92%.

About Ford Motor

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.