Hengehold Capital Management LLC Trims Stock Position in Ford Motor (NYSE:F)
Hengehold Capital Management LLC trimmed its stake in shares of Ford Motor (NYSE:F) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,384 shares of the auto manufacturer’s stock after selling 2,086 shares during the quarter. Hengehold Capital Management LLC’s holdings in Ford Motor were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of F. Penserra Capital Management LLC purchased a new stake in Ford Motor during the third quarter worth about $25,000. Asset Dedication LLC increased its holdings in Ford Motor by 80.2% in the third quarter. Asset Dedication LLC now owns 3,166 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 1,409 shares in the last quarter. Norway Savings Bank purchased a new position in Ford Motor in the fourth quarter valued at about $29,000. Strategic Blueprint LLC purchased a new position in Ford Motor in the third quarter valued at about $30,000. Finally, Regal Wealth Group Inc. lifted its position in shares of Ford Motor by 31.9% during the 3rd quarter. Regal Wealth Group Inc. now owns 4,668 shares of the auto manufacturer’s stock valued at $36,000 after acquiring an additional 1,130 shares during the period. 53.50% of the stock is owned by institutional investors.
Shares of NYSE:F traded down $0.16 during trading on Friday, reaching $8.98. The stock had a trading volume of 47,405,511 shares, compared to its average volume of 38,171,732. The company has a quick ratio of 1.04, a current ratio of 1.17 and a debt-to-equity ratio of 2.81. The stock has a market cap of $35.60 billion, a P/E ratio of 21.90, a PEG ratio of 1.02 and a beta of 1.09. The business has a fifty day moving average price of $9.26 and a 200-day moving average price of $9.22. Ford Motor has a fifty-two week low of $8.16 and a fifty-two week high of $10.56.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, January 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date is Wednesday, January 29th. Ford Motor’s dividend payout ratio is presently 46.15%.
In related news, CEO James P. Hackett sold 20,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $8.95, for a total transaction of $179,000.00. Following the transaction, the chief executive officer now directly owns 185,184 shares in the company, valued at $1,657,396.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 60,000 shares of company stock worth $543,200. Corporate insiders own 0.83% of the company’s stock.
Several equities research analysts have recently commented on the company. Buckingham Research decreased their price target on Ford Motor from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Wolfe Research raised Ford Motor from a “peer perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Tuesday, January 7th. ValuEngine cut Ford Motor from a “hold” rating to a “sell” rating in a report on Monday, December 30th. JPMorgan Chase & Co. began coverage on Ford Motor in a research report on Friday. They set a “neutral” rating and a $10.00 target price on the stock. Finally, Evercore ISI downgraded Ford Motor from an “in-line” rating to an “underperform” rating in a research report on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.85.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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