Ford Motor (NYSE:F) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lowered its holdings in shares of Ford Motor (NYSE:F) by 84.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,537 shares of the auto manufacturer’s stock after selling 508,323 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ford Motor were worth $1,269,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its position in 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 buying an additional 44,581 shares during the last quarter. Public Sector Pension Investment Board raised its position in Ford Motor by 11.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 421,118 shares of the auto manufacturer’s stock worth $5,230,000 after buying an additional 44,805 shares during the last quarter. CVA Family Office LLC purchased a new position in Ford Motor during the 4th quarter worth $56,000. Cerity Partners LLC raised its position in Ford Motor by 287.4% during the 4th quarter. Cerity Partners LLC now owns 606,057 shares of the auto manufacturer’s stock worth $7,388,000 after buying an additional 449,604 shares during the last quarter. Finally, Wedmont Private Capital raised its position in Ford Motor by 33.1% during the 1st quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock worth $232,000 after buying an additional 4,255 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

NYSE:F traded up $0.14 during mid-day trading on Wednesday, hitting $13.04. 8,252,343 shares of the company’s stock traded hands, compared to its average volume of 50,408,902. 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 firm’s 50 day simple moving average is $12.22 and its 200 day simple moving average is $12.28. 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 $52.06 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.62.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $42.93 billion. During the same period last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Sell-side analysts expect that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.60%. Ford Motor’s dividend payout ratio is currently 61.86%.

Insiders Place Their Bets

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the sale, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.