Good Life Advisors LLC Sells 7,153 Shares of Ford Motor Company $F

Good Life Advisors LLC lowered its holdings in Ford Motor Company (NYSE:F) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,424 shares of the auto manufacturer’s stock after selling 7,153 shares during the quarter. Good Life Advisors LLC’s holdings in Ford Motor were worth $591,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in F. Signaturefd LLC grew its stake in shares of Ford Motor by 22.8% in the 1st quarter. Signaturefd LLC now owns 46,499 shares of the auto manufacturer’s stock valued at $466,000 after purchasing an additional 8,628 shares during the period. Apollon Wealth Management LLC boosted its stake in Ford Motor by 13.0% in the 1st quarter. Apollon Wealth Management LLC now owns 94,815 shares of the auto manufacturer’s stock valued at $951,000 after buying an additional 10,937 shares in the last quarter. Whittier Trust Co. grew its position in Ford Motor by 556.2% in the first quarter. Whittier Trust Co. now owns 4,298 shares of the auto manufacturer’s stock valued at $43,000 after acquiring an additional 3,643 shares during the period. Graypoint LLC bought a new stake in Ford Motor in the first quarter valued at $166,000. Finally, Kingsview Wealth Management LLC raised its stake in Ford Motor by 11.7% during the first quarter. Kingsview Wealth Management LLC now owns 113,962 shares of the auto manufacturer’s stock worth $1,143,000 after acquiring an additional 11,942 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on F shares. UBS Group boosted their target price on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. Piper Sandler lifted their price target on shares of Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Wells Fargo & Company upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Friday, October 24th. Dbs Bank lowered shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Finally, Citigroup boosted their target price on Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average price target of $11.73.

Ford Motor Trading Down 0.6%

F opened at $13.20 on Friday. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $13.97. The firm has a 50-day moving average price of $12.30 and a two-hundred day moving average price of $11.43. The stock has a market capitalization of $52.58 billion, a PE ratio of 11.38, a PEG ratio of 4.03 and a beta of 1.60. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. During the same quarter last year, the business posted $0.49 earnings per share. Ford Motor’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.60 annualized dividend and a yield of 4.5%. Ford Motor’s dividend payout ratio (DPR) is currently 51.72%.

Ford Motor 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.