Busey Wealth Management decreased its position in Ford Motor (NYSE:F – Get Rating) by 8.3% during the 1st quarter, Holdings Channel reports. The fund owned 31,568 shares of the auto manufacturer’s stock after selling 2,862 shares during the quarter. Busey Wealth Management’s holdings in Ford Motor were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of F. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Ford Motor by 9.3% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 36,805 shares of the auto manufacturer’s stock valued at $765,000 after acquiring an additional 3,146 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of Ford Motor by 11.2% in the fourth quarter. DNB Asset Management AS now owns 566,381 shares of the auto manufacturer’s stock valued at $11,764,000 after acquiring an additional 57,080 shares in the last quarter. Gradient Investments LLC boosted its holdings in shares of Ford Motor by 55.9% in the fourth quarter. Gradient Investments LLC now owns 23,066 shares of the auto manufacturer’s stock valued at $479,000 after acquiring an additional 8,272 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Ford Motor by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 1,220,131 shares of the auto manufacturer’s stock valued at $25,341,000 after acquiring an additional 8,015 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Ford Motor by 305.0% in the fourth quarter. IFP Advisors Inc now owns 189,317 shares of the auto manufacturer’s stock valued at $3,952,000 after acquiring an additional 142,571 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Ashwani Kumar Galhotra sold 25,892 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $12.41, for a total value of $321,319.72. Following the completion of the sale, the insider now directly owns 511,605 shares in the company, valued at $6,349,018.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Motor Co. Ford sold 7,000,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $26.88, for a total transaction of $188,160,000.00. Following the completion of the sale, the insider now owns 86,947,494 shares of the company’s stock, valued at $2,337,148,638.72. The disclosure for this sale can be found here. In the last three months, insiders sold 15,025,892 shares of company stock valued at $402,881,320. Company insiders own 0.90% of the company’s stock.
F has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Ford Motor from $22.00 to $21.00 in a report on Monday, April 25th. StockNews.com began coverage on shares of Ford Motor in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Wells Fargo & Company cut shares of Ford Motor from an “overweight” rating to an “underweight” rating and reduced their price objective for the company from $24.00 to $12.00 in a research note on Wednesday, May 11th. Morgan Stanley upgraded shares of Ford Motor from an “underweight” rating to an “equal weight” rating and set a $13.00 price objective for the company in a research note on Friday, May 13th. Finally, Tigress Financial raised their price objective on shares of Ford Motor from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, May 20th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.32.
Shares of F opened at $11.32 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.94. The stock has a market cap of $45.50 billion, a P/E ratio of 3.99, a PEG ratio of 1.97 and a beta of 1.21. The company has a 50-day moving average of $13.01 and a two-hundred day moving average of $16.66. Ford Motor has a 12-month low of $10.90 and a 12-month high of $25.87.
Ford Motor (NYSE:F – Get Rating) last announced its earnings results on Wednesday, April 27th. The auto manufacturer reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $32.11 billion for the quarter, compared to analyst estimates of $30.39 billion. Ford Motor had a return on equity of 12.46% and a net margin of 8.57%. During the same quarter in the previous year, the firm posted $0.89 EPS. As a group, analysts forecast that Ford Motor will post 1.92 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Tuesday, April 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Monday, April 25th. Ford Motor’s dividend payout ratio is currently 14.08%.
About Ford Motor: (Get Rating)
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury 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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