Sage Mountain Advisors LLC Has $139,000 Stock Position in Ford Motor (NYSE:F)

Sage Mountain Advisors LLC reduced its position in Ford Motor (NYSE:F) by 17.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,435 shares of the auto manufacturer’s stock after selling 2,390 shares during the period. Sage Mountain Advisors LLC’s holdings in Ford Motor were worth $139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in F. Sequoia Financial Advisors LLC raised its stake in Ford Motor by 15.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after buying an additional 44,581 shares during the period. Pearl River Capital LLC grew its position 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 buying an additional 211,037 shares in the last quarter. TIAA Trust National Association acquired a new stake in Ford Motor during the third quarter worth approximately $1,104,000. Mackenzie Financial Corp grew its position in Ford Motor by 110.5% during the third quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock worth $8,460,000 after buying an additional 367,977 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its position in Ford Motor by 616.0% during the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock worth $3,738,000 after buying an additional 258,920 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on F shares. Morgan Stanley raised their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Piper Sandler began coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. UBS Group downgraded 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. Citigroup lifted their price target on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Redburn Atlantic began coverage on Ford Motor in a research note on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.82.

Ford Motor Price Performance

F stock opened at $12.95 on Wednesday. The company has a market cap of $51.44 billion, a P/E ratio of 11.99, a PEG ratio of 1.02 and a beta of 1.63. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The firm has a 50-day moving average of $12.59 and a 200 day moving average of $11.77.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $43.06 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Dividend Announcement

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

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.