Douglas Lane & Associates LLC Trims Stock Position in Ford Motor (NYSE:F)

Douglas Lane & Associates LLC cut its stake in shares of Ford Motor (NYSE:FFree Report) by 0.8% in the first quarter, HoldingsChannel reports. The fund owned 2,282,387 shares of the auto manufacturer’s stock after selling 17,909 shares during the period. Douglas Lane & Associates LLC’s holdings in Ford Motor were worth $30,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in F. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,839 shares during the period. Fortis Group Advisors LLC grew its stake in shares of Ford Motor by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 1,086 shares during the period. Voisard Asset Management Group Inc. bought a new position in shares of Ford Motor during the 4th quarter valued at approximately $27,000. Headinvest LLC bought a new position in Ford Motor in the 3rd quarter worth approximately $31,000. Finally, Fairman Group LLC bought a new position in Ford Motor in the 4th quarter worth approximately $31,000. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group upped their price target on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Citigroup upped their price target on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Sanford C. Bernstein assumed coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target for the company. Royal Bank of Canada upped their price target on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Finally, Piper Sandler assumed coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $13.89.

Read Our Latest Research Report on Ford Motor

Ford Motor Trading Down 0.8 %

NYSE:F traded down $0.10 during midday trading on Friday, hitting $11.84. 50,201,923 shares of the company traded hands, compared to its average volume of 41,174,860. The firm’s fifty day moving average is $12.19 and its 200-day moving average is $12.19. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The firm has a market capitalization of $47.27 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.77 and a beta of 1.61. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:FGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the prior year, the firm posted $0.63 EPS. Ford Motor’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.07%. Ford Motor’s payout ratio is 61.86%.

Insiders Place Their Bets

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the sale, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.

Ford Motor Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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