Quad Cities Investment Group LLC Sells 1,496 Shares of Ford Motor (F)
Quad Cities Investment Group LLC trimmed its stake in shares of Ford Motor (NYSE:F) by 7.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,803 shares of the auto manufacturer’s stock after selling 1,496 shares during the quarter. Quad Cities Investment Group LLC’s holdings in Ford Motor were worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Howe & Rusling Inc. grew its position in shares of Ford Motor by 173.0% in the 4th quarter. Howe & Rusling Inc. now owns 3,631 shares of the auto manufacturer’s stock worth $28,000 after buying an additional 2,301 shares during the last quarter. Lavaca Capital LLC bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $32,000. Ipswich Investment Management Co. Inc. bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $37,000. First Mercantile Trust Co. bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $39,000. Finally, Nelson Roberts Investment Advisors LLC bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 53.22% of the company’s stock.
A number of research analysts have recently commented on F shares. Citigroup restated a “reduce” rating on shares of Ford Motor in a research note on Wednesday. Nomura cut Ford Motor from a “neutral” rating to a “reduce” rating and lowered their target price for the company from $8.20 to $7.50 in a research note on Friday, April 5th. Seaport Global Securities started coverage on Ford Motor in a research note on Wednesday, February 13th. They issued a “neutral” rating and a $8.46 target price for the company. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and issued a $8.50 target price on shares of Ford Motor in a research note on Monday, January 7th. Finally, Deutsche Bank started coverage on Ford Motor in a research note on Thursday, December 13th. They issued a “buy” rating for the company. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $10.26.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, January 23rd. The auto manufacturer reported $0.30 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.30. The business had revenue of $38.70 billion during the quarter, compared to analysts’ expectations of $36.83 billion. Ford Motor had a return on equity of 14.38% and a net margin of 2.29%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, research analysts anticipate that Ford Motor will post 1.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date of this dividend is Tuesday, April 23rd. Ford Motor’s payout ratio is 46.15%.
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About Ford Motor
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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