Coastwise Capital Group LLC Cuts Holdings in Ford Motor (NYSE:F)

Coastwise Capital Group LLC decreased its stake in Ford Motor (NYSE:F) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,492 shares of the auto manufacturer’s stock after selling 3,900 shares during the quarter. Coastwise Capital Group LLC’s holdings in Ford Motor were worth $201,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. boosted its position in Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,839 shares during the last quarter. Provence Wealth Management Group acquired a new position in Ford Motor during the third quarter worth about $31,000. Headinvest LLC acquired a new position in Ford Motor during the third quarter worth about $31,000. Orion Capital Management LLC acquired a new position in Ford Motor during the third quarter worth about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Ford Motor during the third quarter worth about $33,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 2.1 %

Shares of Ford Motor stock traded down $0.27 during trading hours on Tuesday, hitting $12.12. The company had a trading volume of 48,116,407 shares, compared to its average volume of 51,643,359. The company’s 50-day moving average is $12.41 and its two-hundred day moving average is $12.13. Ford Motor has a twelve month low of $9.63 and a twelve month 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 company has a market cap of $48.37 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61.

Ford Motor (NYSE:F) last issued its quarterly 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. The firm had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. Ford Motor’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. Analysts anticipate that Ford Motor will post 1.99 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Analyst Upgrades and Downgrades

F has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price on the stock. Barclays boosted their target price 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. 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 target on the stock. Finally, Morgan Stanley boosted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. One investment 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.89.

Insider Buying and Selling

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction 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 transaction, the director now owns 168,601 shares in the company, valued at approximately $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is 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.