Ford Motor (NYSE:F) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC lowered its holdings in Ford Motor (NYSE:F) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,573 shares of the auto manufacturer’s stock after selling 9,406 shares during the period. Perigon Wealth Management LLC’s holdings in Ford Motor were worth $361,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in F. Quarry LP acquired a new stake in Ford Motor during the 2nd quarter valued at $28,000. Fairfield Bush & CO. acquired a new stake in Ford Motor during the 2nd quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares in the last quarter. Cornerstone Planning Group LLC acquired a new stake in Ford Motor during the 2nd quarter valued at $31,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Ford Motor during the 1st quarter valued at $27,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Trading Down 1.1 %

Ford Motor stock opened at $12.09 on Wednesday. The company has a market cap of $48.04 billion, a P/E ratio of 11.19, a PEG ratio of 1.00 and a beta of 1.63. The firm’s 50-day moving average is $12.63 and its 200-day moving average is $11.76. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.17. The firm had revenue of $43.21 billion for the quarter, compared to the consensus estimate of $43.06 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. Ford Motor’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. On average, equities analysts expect that Ford Motor will post 1.9 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.33 dividend. This represents a dividend yield of 4.7%. The ex-dividend date was Thursday, February 15th. Ford Motor’s payout ratio is 55.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Redburn Atlantic assumed coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Barclays increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $12.00 price objective on shares of Ford Motor in a research note on Wednesday, February 7th. Citigroup increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.82.

Insiders Place Their Bets

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

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.