Cary Street Partners Financial LLC reduced its position in shares of Ford Motor Company (NYSE:F – Free Report) by 65.1% in the fourth quarter, HoldingsChannel reports. The firm owned 29,988 shares of the auto manufacturer’s stock after selling 56,058 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Ford Motor were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of F. Grove Bank & Trust boosted its stake in shares of Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,000 shares during the last quarter. Olistico Wealth LLC purchased a new position in shares of Ford Motor during the 4th quarter worth $26,000. Johnson Financial Group Inc. boosted its stake in shares of Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after acquiring an additional 837 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Ford Motor during the 4th quarter worth $29,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of Ford Motor during the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on F shares. The Goldman Sachs Group dropped their price target on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Bank of America raised their price objective on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday. Citigroup decreased their price objective on Ford Motor from $13.50 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, TD Cowen decreased their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.77.
Ford Motor Stock Performance
Shares of NYSE F opened at $17.49 on Friday. The firm has a fifty day moving average price of $12.72 and a 200-day moving average price of $13.13. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The stock has a market cap of $69.70 billion, a PE ratio of -11.29, a price-to-earnings-growth ratio of 0.39 and a beta of 1.65. Ford Motor Company has a 1 year low of $9.88 and a 1 year high of $17.78.
Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. Equities analysts anticipate that Ford Motor Company will post 1.61 earnings per share for the current fiscal year.
Ford Motor Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. Ford Motor’s dividend payout ratio is -38.71%.
Ford Motor News Roundup
Here are the key news stories impacting Ford Motor this week:
- Positive Sentiment: Bank of America raised its price target on Ford to $20 from $17 and reiterated a buy rating, signaling further upside potential. Benzinga article
- Positive Sentiment: Ford has been identified as a top-ranked momentum stock, which can attract traders looking for recent winners and help extend the rally.
- Positive Sentiment: Investors are increasingly focused on Ford’s battery pivot and new subsidiary, viewing it as a possible multi-year growth driver beyond traditional vehicle sales. Benzinga article
- Positive Sentiment: Coverage comparing Ford with General Motors highlighted how legacy automakers are benefiting from AI-related and battery-storage opportunities, not just new-car sales. Barrons article
- Positive Sentiment: Ford has also been discussed on CNBC’s “Final Trades,” which can reinforce bullish sentiment and keep the stock on traders’ radar. Benzinga article
About Ford Motor
Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.
Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.
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