Wealth Management Partners LLC Sells 1,200 Shares of Ford Motor (NYSE:F)

Wealth Management Partners LLC trimmed its holdings in Ford Motor (NYSE:FFree Report) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,411 shares of the auto manufacturer’s stock after selling 1,200 shares during the period. Wealth Management Partners LLC’s holdings in Ford Motor were worth $205,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its holdings in Ford Motor by 15.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after purchasing an additional 44,581 shares during the period. Axxcess Wealth Management LLC boosted its holdings in Ford Motor by 616.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after purchasing an additional 258,920 shares during the period. Public Sector Pension Investment Board boosted its holdings in Ford Motor by 11.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 421,118 shares of the auto manufacturer’s stock valued at $5,230,000 after purchasing an additional 44,805 shares during the period. CVA Family Office LLC bought a new stake in Ford Motor in the 4th quarter valued at $56,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Ford Motor by 21.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock valued at $153,421,000 after purchasing an additional 2,190,915 shares during the period. 58.74% of the stock is owned by institutional investors.

Insider Transactions at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now owns 168,601 shares in the company, valued at approximately $2,038,386.09. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by corporate insiders.

Ford Motor Price Performance

Shares of NYSE F traded down $0.09 during trading on Tuesday, reaching $12.14. The company had a trading volume of 9,068,691 shares, compared to its average volume of 50,944,219. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The stock has a market cap of $48.47 billion, a PE ratio of 12.52, a PEG ratio of 0.76 and a beta of 1.61. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The business’s 50 day moving average price is $12.19 and its 200-day moving average price is $12.21.

Ford Motor (NYSE:FGet Free Report) last announced its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. Analysts expect that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s dividend payout ratio is 61.86%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on F. Piper Sandler began coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. Royal Bank of Canada increased their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Sanford C. Bernstein started coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. UBS Group increased their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Barclays lifted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.89.

Check Out Our Latest Stock Report on F

Ford Motor Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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