WBI Investments LLC Lowers Position in Ford Motor Company $F

WBI Investments LLC decreased its stake in shares of Ford Motor Company (NYSE:F) by 68.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,203 shares of the auto manufacturer’s stock after selling 175,011 shares during the quarter. WBI Investments LLC’s holdings in Ford Motor were worth $983,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Swiss National Bank boosted its stake in Ford Motor by 7.4% during the second quarter. Swiss National Bank now owns 11,822,986 shares of the auto manufacturer’s stock valued at $128,279,000 after buying an additional 813,800 shares during the last quarter. Caprock Group LLC bought a new stake in Ford Motor in the 3rd quarter worth approximately $893,000. Versor Investments LP bought a new stake in Ford Motor in the 3rd quarter worth approximately $2,187,000. Quantbot Technologies LP raised its holdings in shares of Ford Motor by 91.6% during the 3rd quarter. Quantbot Technologies LP now owns 179,619 shares of the auto manufacturer’s stock worth $2,148,000 after acquiring an additional 85,848 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of Ford Motor by 6.7% during the 3rd quarter. National Pension Service now owns 8,099,060 shares of the auto manufacturer’s stock worth $96,865,000 after acquiring an additional 510,426 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ford Motor

In other news, insider William Clay Ford, Jr. purchased 140,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the purchase, the insider owned 3,912,600 shares in the company, valued at approximately $54,072,132. This trade represents a 3.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on F shares. Piper Sandler raised shares of Ford Motor from a “neutral” rating to an “overweight” rating and raised their target price for the company from $11.00 to $16.00 in a report on Thursday, January 8th. Bank of America started coverage on shares of Ford Motor in a research note on Wednesday, March 4th. They set a “buy” rating and a $17.00 price target on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $12.00 price objective on shares of Ford Motor in a research report on Wednesday, February 11th. Barclays lifted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Finally, HSBC boosted their target price on shares of Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.29.

Ford Motor Stock Performance

NYSE F opened at $11.93 on Wednesday. The business’s 50 day moving average price is $13.49 and its 200-day moving average price is $12.94. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $14.80. The company has a market cap of $47.61 billion, a P/E ratio of -5.79, a P/E/G ratio of 0.27 and a beta of 1.65. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.94 and a current ratio of 1.07.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The company had revenue of $45.89 billion during the quarter, compared to the consensus estimate of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.Ford Motor’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. Sell-side analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, February 13th. Ford Motor’s dividend payout ratio (DPR) is -29.13%.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.