NewEdge Wealth LLC Sells 3,192 Shares of Ford Motor (NYSE:F)

NewEdge Wealth LLC lowered its position in Ford Motor (NYSE:F) by 12.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,772 shares of the auto manufacturer’s stock after selling 3,192 shares during the period. NewEdge Wealth LLC’s holdings in Ford Motor were worth $278,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Cerity Partners LLC increased its position in shares of Ford Motor by 287.4% in the 4th quarter. Cerity Partners LLC now owns 606,057 shares of the auto manufacturer’s stock valued at $7,388,000 after buying an additional 449,604 shares in the last quarter. Kendall Capital Management boosted its stake in Ford Motor by 18.6% in the 4th quarter. Kendall Capital Management now owns 130,730 shares of the auto manufacturer’s stock worth $1,594,000 after purchasing an additional 20,475 shares during the period. Jmac Enterprises LLC boosted its stake in Ford Motor by 38.0% in the 4th quarter. Jmac Enterprises LLC now owns 16,652 shares of the auto manufacturer’s stock worth $203,000 after purchasing an additional 4,586 shares during the period. Keener Financial Planning LLC acquired a new position in Ford Motor in the 4th quarter worth $44,000. Finally, Sequoia Financial Advisors LLC boosted its stake in Ford Motor by 15.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after purchasing an additional 44,581 shares during the period. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on F. Morgan Stanley upped their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. UBS Group lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research note on Wednesday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a research note on Wednesday, February 7th. Piper Sandler began coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. Finally, Barclays upped their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.82.

Ford Motor Trading Up 0.2 %

Shares of NYSE:F opened at $12.07 on Friday. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The company has a market capitalization of $47.94 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63. The company has a 50-day simple moving average of $12.60 and a 200 day simple moving average of $11.76. 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 earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $43.06 billion. During the same period last year, the business posted $0.51 EPS. Ford Motor’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts forecast 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. Investors of record on Friday, February 16th were paid a $0.33 dividend. The ex-dividend date was Thursday, February 15th. This represents a yield of 4.7%. Ford Motor’s dividend payout ratio (DPR) is currently 55.56%.

Insider Activity at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by company insiders.

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.