Institute for Wealth Management LLC. Reduces Stake in Ford Motor (NYSE:F)

Institute for Wealth Management LLC. cut its holdings in shares of Ford Motor (NYSE:F) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,029 shares of the auto manufacturer’s stock after selling 1,161 shares during the period. Institute for Wealth Management LLC.’s holdings in Ford Motor were worth $744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Snider Financial Group raised its holdings in Ford Motor by 100,345.2% in the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after purchasing an additional 219,586,336 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Ford Motor by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock worth $1,085,406,000 after buying an additional 2,657,650 shares during the period. Geode Capital Management LLC lifted its holdings in Ford Motor by 1.2% in the first quarter. Geode Capital Management LLC now owns 70,775,476 shares of the auto manufacturer’s stock worth $889,831,000 after buying an additional 863,591 shares during the period. Northern Trust Corp boosted its position in Ford Motor by 3.8% during the 3rd quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after acquiring an additional 1,392,408 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Ford Motor during the 4th quarter worth approximately $419,237,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.7 %

Ford Motor stock opened at $12.15 on Friday. The firm has a market cap of $48.26 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.96 and a beta of 1.63. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The stock has a fifty day simple moving average of $12.59 and a two-hundred day simple moving average of $11.76.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, topping the consensus estimate of $0.12 by $0.17. The company had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. Ford Motor’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.51 EPS. Equities analysts predict that Ford Motor will post 1.89 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s payout ratio is 55.56%.

Analysts Set New Price Targets

F has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Piper Sandler began coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price on the stock. Barclays increased their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Redburn Atlantic initiated coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 price objective on shares of Ford Motor in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.82.

Insider Activity at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is owned by insiders.

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.