HB Wealth Management LLC Reduces Stock Holdings in Ford Motor (NYSE:F)

HB Wealth Management LLC reduced its stake in shares of Ford Motor (NYSE:F) by 50.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,305 shares of the auto manufacturer’s stock after selling 31,254 shares during the quarter. HB Wealth Management LLC’s holdings in Ford Motor were worth $369,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of F. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,839 shares during the period. Milestone Investment Advisors LLC purchased a new stake in Ford Motor during the 3rd quarter worth approximately $27,000. Quarry LP purchased a new stake in Ford Motor during the 2nd quarter worth approximately $28,000. Peoples Bank KS purchased a new stake in Ford Motor during the 3rd quarter worth approximately $29,000. Finally, Fairfield Bush & CO. purchased a new stake in Ford Motor during the 2nd quarter worth approximately $29,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Ford Motor Trading Up 5.1 %

Shares of Ford Motor stock opened at $13.07 on Thursday. The company’s fifty day simple moving average is $12.16 and its 200-day simple moving average is $11.69. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The company has a market cap of $51.94 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.03 and a beta of 1.63. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating 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 company had revenue of $43.21 billion during the quarter, compared to analysts’ expectations of $43.06 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a Variable dividend, which was paid on Friday, March 1st. Shareholders 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 (DPR) is currently 55.56%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on F shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a research report on Wednesday, February 7th. Morgan Stanley boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Redburn Atlantic assumed coverage on Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective for the company. Piper Sandler assumed coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. Finally, UBS Group lowered Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.75.

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.