Ford Motor (NYSE:F) Shares Sold by SFE Investment Counsel

SFE Investment Counsel lowered its stake in Ford Motor (NYSE:F) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 343,695 shares of the auto manufacturer’s stock after selling 59,845 shares during the period. SFE Investment Counsel’s holdings in Ford Motor were worth $4,190,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in shares of Ford Motor in the second quarter valued at approximately $28,000. Fairfield Bush & CO. purchased a new stake in shares of Ford Motor in the second quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,839 shares in the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of Ford Motor in the second quarter valued at approximately $31,000. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Ford Motor in the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Activity at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is currently owned by company insiders.

Ford Motor Stock Down 0.2 %

Shares of NYSE F traded down $0.03 on Thursday, hitting $12.01. The company had a trading volume of 31,046,487 shares, compared to its average volume of 53,100,867. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The business has a 50 day moving average of $12.61 and a two-hundred day moving average of $11.76. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $47.72 billion, a P/E ratio of 11.15, a PEG ratio of 0.96 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.17. The company had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. As a group, equities research analysts forecast that Ford Motor will post 1.9 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.33 dividend. This represents a yield of 4.7%. The ex-dividend date of this dividend was Thursday, February 15th. Ford Motor’s dividend payout ratio is currently 55.56%.

Analysts Set New Price Targets

A number of research firms recently weighed in on F. Citigroup lifted their price target on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Wednesday, February 7th. UBS Group downgraded Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research note on Wednesday, January 17th. Piper Sandler began coverage on 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, Redburn Atlantic initiated coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.82.

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.