Institute for Wealth Management LLC. Has $491,000 Stock Holdings in Ford Motor Company (NYSE:F)

Institute for Wealth Management LLC. decreased its position in shares of Ford Motor Company (NYSE:F) by 14.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,910 shares of the auto manufacturer’s stock after selling 8,049 shares during the period. Institute for Wealth Management LLC.’s holdings in Ford Motor were worth $491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of F. Grove Bank & Trust boosted its stake in shares of Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,882 shares during the period. Bank of Jackson Hole Trust acquired a new position in Ford Motor in the 4th quarter valued at $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of Ford Motor during the 4th quarter valued at $30,000. Spurstone Advisory Services LLC acquired a new stake in shares of Ford Motor during the 4th quarter worth $31,000. Finally, Wood Tarver Financial Group LLC bought a new position in shares of Ford Motor in the fourth quarter worth $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on F. Sanford C. Bernstein cut shares of Ford Motor from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th. Barclays lifted their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Finally, UBS Group cut their target price on Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Three equities research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.03.

Ford Motor Trading Up 0.0%

Shares of F stock opened at $10.43 on Friday. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $14.85. The stock’s fifty day simple moving average is $10.22 and its 200 day simple moving average is $9.96. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $41.46 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.89 and a beta of 1.50.

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

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor’s dividend payout ratio (DPR) is currently 48.00%.

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.