Ford Motor (NYSE:F) Shares Sold by Focused Wealth Management Inc
Focused Wealth Management Inc cut its stake in shares of Ford Motor (NYSE:F) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 20,458 shares of the auto manufacturer’s stock after selling 1,151 shares during the period. Focused Wealth Management Inc’s holdings in Ford Motor were worth $190,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. NEXT Financial Group Inc increased its position in Ford Motor by 4.6% during the fourth quarter. NEXT Financial Group Inc now owns 69,078 shares of the auto manufacturer’s stock worth $642,000 after purchasing an additional 3,017 shares during the last quarter. Barry Investment Advisors LLC increased its position in Ford Motor by 12.7% during the fourth quarter. Barry Investment Advisors LLC now owns 16,162 shares of the auto manufacturer’s stock worth $149,000 after purchasing an additional 1,820 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ford Motor by 1.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 865,486 shares of the auto manufacturer’s stock worth $8,049,000 after purchasing an additional 12,378 shares during the last quarter. GFS Advisors LLC acquired a new stake in Ford Motor during the fourth quarter worth about $154,000. Finally, Manchester Financial Inc. acquired a new stake in Ford Motor during the fourth quarter worth about $79,000. Institutional investors own 53.50% of the company’s stock.
F stock traded up $0.05 during mid-day trading on Tuesday, hitting $9.21. 49,476,478 shares of the company were exchanged, compared to its average volume of 45,982,590. The company has a quick ratio of 1.04, a current ratio of 1.17 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $36.52 billion, a P/E ratio of 22.46, a PEG ratio of 1.02 and a beta of 1.09. The business has a fifty day simple moving average of $9.25 and a 200-day simple moving average of $9.23. Ford Motor has a 12-month low of $8.16 and a 12-month high of $10.56.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, January 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.51%. The ex-dividend date is Wednesday, January 29th. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.
In other Ford Motor news, Director John C. Lechleiter acquired 25,000 shares of the stock in a transaction dated Friday, October 25th. The stock was acquired at an average price of $8.68 per share, with a total value of $217,000.00. Following the completion of the purchase, the director now owns 89,700 shares in the company, valued at approximately $778,596. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James P. Hackett sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $8.92, for a total transaction of $178,400.00. Following the completion of the transaction, the chief executive officer now directly owns 165,184 shares of the company’s stock, valued at approximately $1,473,441.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,000 shares of company stock valued at $543,200. 0.83% of the stock is currently owned by insiders.
F has been the subject of several recent analyst reports. Evercore ISI cut shares of Ford Motor from an “in-line” rating to an “underperform” rating in a research report on Thursday, January 2nd. Wolfe Research upgraded shares of Ford Motor from a “peer perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research report on Tuesday, January 7th. Benchmark started coverage on shares of Ford Motor in a research note on Thursday, January 9th. They set a “hold” rating for the company. Buckingham Research lowered their target price on shares of Ford Motor from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $12.00 target price on shares of Ford Motor in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ford Motor currently has an average rating of “Hold” and a consensus price target of $10.92.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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