Peapack Gladstone Financial Corp Decreases Holdings in Ford Motor Company $F

Peapack Gladstone Financial Corp decreased its position in shares of Ford Motor Company (NYSE:F) by 18.8% in the fourth quarter, HoldingsChannel reports. The fund owned 163,280 shares of the auto manufacturer’s stock after selling 37,867 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Ford Motor were worth $2,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust lifted its position in Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the last quarter. Olistico Wealth LLC purchased a new stake in Ford Motor during the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. lifted its position in Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after acquiring an additional 837 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. acquired a new position in Ford Motor during the 4th quarter valued at approximately $29,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Ford Motor during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on F. The Goldman Sachs Group cut their price target on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Bank of America upped their price target on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Wells Fargo & Company cut their price target on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Citigroup upped their price target on shares of Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.20.

Ford Motor Stock Down 2.5%

NYSE:F opened at $15.75 on Thursday. The firm has a market capitalization of $62.74 billion, a P/E ratio of -10.16, a PEG ratio of 0.35 and a beta of 1.79. Ford Motor Company has a 1-year low of $10.03 and a 1-year high of $17.78. The company’s fifty day moving average price is $12.99 and its 200-day moving average price is $13.19. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. As a group, equities research analysts anticipate that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. Ford Motor’s dividend payout ratio is presently -38.71%.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.