Congress Park Capital LLC Reduces Stock Holdings in Ford Motor (NYSE:F)

Congress Park Capital LLC cut its holdings in shares of Ford Motor (NYSE:F) by 8.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,008 shares of the auto manufacturer’s stock after selling 1,750 shares during the quarter. Congress Park Capital LLC’s holdings in Ford Motor were worth $239,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Ford Motor by 29.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock valued at $44,000 after acquiring an additional 828 shares during the last quarter. First United Bank & Trust increased its holdings in shares of Ford Motor by 5.4% in the 4th quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock valued at $201,000 after acquiring an additional 850 shares during the last quarter. Lee Financial Co increased its holdings in shares of Ford Motor by 3.6% in the 4th quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock valued at $303,000 after acquiring an additional 854 shares during the last quarter. Welch Group LLC increased its holdings in shares of Ford Motor by 5.3% in the 1st quarter. Welch Group LLC now owns 17,754 shares of the auto manufacturer’s stock valued at $236,000 after acquiring an additional 897 shares during the last quarter. Finally, Bigelow Investment Advisors LLC increased its holdings in shares of Ford Motor by 4.9% in the 4th quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer’s stock valued at $236,000 after acquiring an additional 908 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Price Performance

NYSE:F traded up $0.24 during trading hours on Friday, reaching $12.47. 34,511,067 shares of the company were exchanged, compared to its average volume of 50,942,137. The company has a market capitalization of $49.78 billion, a P/E ratio of 12.93, a P/E/G ratio of 0.78 and a beta of 1.61. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The business has a 50 day moving average of $12.19 and a 200 day moving average of $12.22.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.81%. Ford Motor’s payout ratio is 61.86%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on F. Royal Bank of Canada boosted their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Citigroup boosted their price target on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Sanford C. Bernstein began coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective on the stock. Barclays boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Piper Sandler started coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus price target of $13.89.

Insider Activity at Ford Motor

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.

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.