Wedbush Securities Inc. lessened its holdings in shares of Ford Motor (NYSE:F) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,610 shares of the auto manufacturer’s stock after selling 20,625 shares during the period. Wedbush Securities Inc.’s holdings in Ford Motor were worth $1,531,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in F. Trustcore Financial Services LLC acquired a new position in Ford Motor in the 4th quarter valued at about $277,000. Valeo Financial Advisors LLC boosted its holdings in Ford Motor by 17.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 195,098 shares of the auto manufacturer’s stock valued at $2,437,000 after purchasing an additional 29,558 shares during the last quarter. Mariner Wealth Advisors LLC lifted its holdings in shares of Ford Motor by 56.1% in the 4th quarter. Mariner Wealth Advisors LLC now owns 71,132 shares of the auto manufacturer’s stock worth $888,000 after acquiring an additional 25,567 shares during the last quarter. Wealthfront Inc. lifted its holdings in shares of Ford Motor by 50.9% in the 4th quarter. Wealthfront Inc. now owns 158,057 shares of the auto manufacturer’s stock worth $1,974,000 after acquiring an additional 53,329 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Ford Motor by 74.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 43,026 shares of the auto manufacturer’s stock worth $537,000 after acquiring an additional 18,301 shares during the last quarter. 61.59% of the stock is owned by institutional investors.
Shares of Ford Motor (F) opened at $10.78 on Wednesday. Ford Motor has a fifty-two week low of $10.14 and a fifty-two week high of $13.48. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 2.94. The stock has a market cap of $42,951.93, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 0.66 and a beta of 1.12.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, January 24th. The auto manufacturer reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. The firm had revenue of $38.50 billion during the quarter, compared to analysts’ expectations of $36.96 billion. During the same period in the prior year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. equities analysts predict that Ford Motor will post 1.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, January 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date was Monday, January 29th. Ford Motor’s dividend payout ratio is presently 31.58%.
F has been the topic of several recent analyst reports. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.00 price objective on the stock. in a report on Monday, January 29th. BMO Capital Markets restated a “hold” rating and issued a $11.00 price objective on shares of Ford Motor in a report on Tuesday, March 6th. Cascend Securities lowered shares of Ford Motor to a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Finally, ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.44.
In related news, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $10.28 per share, with a total value of $51,400.00. Following the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $308,400. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ashwani Kumar Galhotra sold 31,415 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $10.34, for a total transaction of $324,831.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 503,675 shares of company stock worth $5,246,794. Insiders own 1.08% of the company’s stock.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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