Capital Investment Advisory Services LLC Cuts Holdings in Ford Motor (NYSE:F)

Capital Investment Advisory Services LLC lowered its stake in Ford Motor (NYSE:F) by 11.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,343 shares of the auto manufacturer’s stock after selling 8,154 shares during the period. Capital Investment Advisory Services LLC’s holdings in Ford Motor were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Meridian Wealth Management LLC increased its holdings in Ford Motor by 86.4% in the third quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock valued at $8,170,000 after buying an additional 304,923 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Ford Motor by 15.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after acquiring an additional 44,581 shares in the last quarter. Pearl River Capital LLC lifted its stake in Ford Motor by 174.2% during the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after purchasing an additional 211,037 shares during the last quarter. TIAA Trust National Association purchased a new stake in shares of Ford Motor during the 3rd quarter worth approximately $1,104,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of Ford Motor by 110.5% in the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after buying an additional 367,977 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 6.1 %

Shares of Ford Motor stock opened at $12.88 on Tuesday. The company has a market cap of $51.18 billion, a P/E ratio of 11.93, a PEG ratio of 0.96 and a beta of 1.63. The firm has a fifty day moving average of $12.59 and a two-hundred day 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 has a one year low of $9.63 and a one year high of $15.42.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $43.21 billion during the quarter, compared to analysts’ expectations of $43.06 billion. During the same period in the prior year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts forecast that Ford Motor will post 1.89 earnings per share for the current year.

Ford Motor Dividend Announcement

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

Insider Transactions at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the topic of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $12.00 price target on shares of Ford Motor in a research note on Wednesday, February 7th. Redburn Atlantic initiated coverage on Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price for the company. Morgan Stanley raised their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Citigroup lifted their price target on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Piper Sandler started coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.82.

Ford Motor Profile

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.