Fort Sheridan Advisors LLC Trims Stock Holdings in Ford Motor Company (NYSE:F)

Fort Sheridan Advisors LLC reduced its stake in shares of Ford Motor Company (NYSE:F) by 19.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,867 shares of the auto manufacturer’s stock after selling 14,500 shares during the period. Fort Sheridan Advisors LLC’s holdings in Ford Motor were worth $621,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Grove Bank & Trust lifted its position in shares of Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,882 shares in the last quarter. Elite Financial Inc. bought a new stake in Ford Motor during the 1st quarter valued at approximately $27,000. Olde Wealth Management LLC purchased a new position in Ford Motor in the 1st quarter worth approximately $28,000. Flagship Wealth Advisors LLC bought a new position in Ford Motor in the 4th quarter worth approximately $30,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in Ford Motor during the 1st quarter valued at approximately $30,000. 58.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the transaction, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Wall Street Zen cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Saturday. Wolfe Research raised Ford Motor from an “underperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. Sanford C. Bernstein downgraded Ford Motor from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group increased their price target on shares of Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.03.

Ford Motor Price Performance

Shares of F stock opened at $11.77 on Friday. The stock has a 50 day moving average price of $10.69 and a 200 day moving average price of $10.07. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $14.85. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a market capitalization of $46.80 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.01 and a beta of 1.49.

Ford Motor (NYSE:F) last released its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. As a group, sell-side analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.10%. Ford Motor’s dividend payout ratio is currently 48.00%.

Ford Motor Company 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.