Peapack Gladstone Financial Corp Decreases Stock Holdings in Ford Motor (NYSE:F)

Peapack Gladstone Financial Corp lessened its stake in Ford Motor (NYSE:F) by 10.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 239,103 shares of the auto manufacturer’s stock after selling 27,611 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Ford Motor were worth $2,368,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Albion Financial Group UT grew its position in shares of Ford Motor by 38.5% in the 4th quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Brighton Jones LLC boosted its stake in Ford Motor by 5.4% in the fourth quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock valued at $195,000 after acquiring an additional 1,001 shares in the last quarter. Angeles Wealth Management LLC grew its holdings in Ford Motor by 1.3% in the fourth quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock worth $799,000 after purchasing an additional 1,024 shares during the last quarter. Atlas Brown Inc. increased its position in shares of Ford Motor by 1.7% during the fourth quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer’s stock worth $627,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Cornerstone Wealth Group LLC lifted its holdings in shares of Ford Motor by 10.6% during the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock valued at $113,000 after purchasing an additional 1,098 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on F. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Evercore ISI decreased their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research note on Monday, February 10th. Piper Sandler cut their price target on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Finally, Wells Fargo & Company lowered their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.37.

Ford Motor Stock Down 3.7 %

Shares of F stock opened at $9.23 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a twelve month low of $9.00 and a twelve month high of $14.85. The stock has a 50 day moving average of $9.69 and a 200 day moving average of $10.23. The stock has a market cap of $36.58 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, sell-side analysts expect that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.50%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is currently 41.10%.

Ford Motor Profile

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.