Main Street Financial Solutions LLC Reduces Stock Holdings in Ford Motor (NYSE:F)

Main Street Financial Solutions LLC cut its holdings in shares of Ford Motor (NYSE:F) by 53.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,883 shares of the auto manufacturer’s stock after selling 13,821 shares during the period. Main Street Financial Solutions LLC’s holdings in Ford Motor were worth $118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new stake in Ford Motor during the fourth quarter worth $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Ford Motor in the 4th quarter valued at about $29,000. Flagship Wealth Advisors LLC acquired a new position in Ford Motor in the 4th quarter worth about $30,000. Kentucky Trust Co acquired a new stake in Ford Motor in the fourth quarter valued at approximately $31,000. Finally, Crewe Advisors LLC increased its position in shares of Ford Motor by 169.9% in the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 2,068 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

F has been the subject of several recent analyst reports. UBS Group cut their price target on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. StockNews.com downgraded Ford Motor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. Wells Fargo & Company lowered their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Sanford C. Bernstein lowered Ford Motor from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.30.

Ford Motor Stock Performance

NYSE F opened at $9.63 on Friday. The stock has a 50-day moving average of $9.60 and a two-hundred day moving average of $10.13. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 1-year low of $8.44 and a 1-year high of $14.85. The company has a market cap of $38.16 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 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, analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.23%. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

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.