Belpointe Asset Management LLC Trims Stake in Ford Motor Company $F

Belpointe Asset Management LLC lessened its stake in shares of Ford Motor Company (NYSE:F) by 38.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,677 shares of the auto manufacturer’s stock after selling 10,585 shares during the quarter. Belpointe Asset Management LLC’s holdings in Ford Motor were worth $167,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Grove Bank & Trust boosted its stake in shares of Ford Motor by 289.1% during 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 last quarter. Elite Financial Inc. purchased a new position in Ford Motor in the 1st quarter valued at about $27,000. Olde Wealth Management LLC acquired a new stake in shares of Ford Motor during the 1st quarter worth about $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Ford Motor during the 1st quarter worth about $30,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of Ford Motor during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Transactions at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider owned 113,939 shares of the company’s stock, valued at $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.48% of the stock is owned by company insiders.

Ford Motor Stock Performance

NYSE:F opened at $11.61 on Wednesday. The firm’s fifty day simple moving average is $11.47 and its 200 day simple moving average is $10.63. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $11.99. The firm has a market capitalization of $46.21 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 3.36 and a beta of 1.52.

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 the consensus estimate of $0.33 by $0.04. The firm had revenue of $50.18 billion during 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 firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. As a group, equities research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Monday, August 11th. Ford Motor’s dividend payout ratio is currently 76.92%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. JPMorgan Chase & Co. increased their price target on Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Barclays lifted their price objective on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Royal Bank Of Canada increased their target price on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 5th. Finally, Piper Sandler raised their price target on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Reduce” and an average price target of $10.53.

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.