Kovitz Investment Group Partners LLC Lowers Holdings in Ford Motor (NYSE:F)

Kovitz Investment Group Partners LLC trimmed its holdings in Ford Motor (NYSE:F) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,927 shares of the auto manufacturer’s stock after selling 10,199 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Ford Motor were worth $1,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Hager Investment Management Services LLC bought a new position in Ford Motor during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new position in shares of Ford Motor during the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC purchased a new position in shares of Ford Motor in the fourth quarter valued at $30,000. Kentucky Trust Co bought a new stake in Ford Motor in the fourth quarter worth $31,000. Finally, Crewe Advisors LLC raised its stake in Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 2,068 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Down 0.3 %

NYSE:F opened at $10.01 on Tuesday. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.85. The company has a market cap of $39.67 billion, a price-to-earnings ratio of 6.86, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. The stock has a fifty day simple moving average of $9.65 and a 200-day simple moving average of $10.10. 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 (NYSE:F) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.99%. Ford Motor’s payout ratio is currently 41.10%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on F. Royal Bank of Canada reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Bank of America reduced their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Citigroup began coverage on shares of Ford Motor in a report on Wednesday, April 23rd. They issued a “neutral” rating and a $10.00 target price on the stock. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a report on Monday, February 10th. Finally, Piper Sandler reduced their target price on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.77.

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.