Ford Motor Company (NYSE:F) Stock Position Lessened by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. decreased its holdings in Ford Motor Company (NYSE:F) by 16.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,169 shares of the auto manufacturer’s stock after selling 994 shares during the quarter. Riggs Asset Managment Co. Inc.’s holdings in Ford Motor were worth $52,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Ford Motor by 16.6% in the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after purchasing an additional 57,182,803 shares during the period. Norges Bank acquired a new stake in Ford Motor in the fourth quarter worth approximately $387,282,000. Jacobs Levy Equity Management Inc. lifted its position in Ford Motor by 88.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer’s stock worth $222,872,000 after purchasing an additional 10,535,335 shares during the period. Voloridge Investment Management LLC lifted its position in Ford Motor by 2,905.1% in the fourth quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer’s stock worth $79,096,000 after purchasing an additional 7,723,601 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ford Motor by 21.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,642,389 shares of the auto manufacturer’s stock worth $293,460,000 after purchasing an additional 5,295,086 shares during the period. Institutional investors own 58.74% of the company’s stock.

Insider Buying and Selling at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the insider directly owned 113,939 shares of the company’s stock, valued at approximately $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.48% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE:F opened at $11.80 on Friday. The company’s fifty day moving average is $10.53 and its two-hundred day moving average is $10.01. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.26. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $14.85. The company has a market cap of $46.90 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 1.01 and a beta of 1.49.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The business had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. During the same period in the prior year, the business posted $0.49 earnings per share. Ford Motor’s revenue for the quarter was down 6.2% compared to the same quarter last year. Equities analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was Monday, May 12th. Ford Motor’s dividend payout ratio (DPR) is presently 48.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on F. Citigroup increased their price objective on Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. increased their price objective on Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th. Barclays increased their price objective on Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Finally, Piper Sandler increased their price objective on Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.03.

Ford Motor Company 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.