Mission Wealth Management LP Sells 10,009 Shares of Ford Motor (NYSE:F)

Mission Wealth Management LP lessened its stake in shares of Ford Motor (NYSE:F) by 23.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 32,746 shares of the auto manufacturer’s stock after selling 10,009 shares during the period. Mission Wealth Management LP’s holdings in Ford Motor were worth $399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in F. SVB Wealth LLC boosted its holdings in shares of Ford Motor by 2.8% in the 3rd quarter. SVB Wealth LLC now owns 65,267 shares of the auto manufacturer’s stock valued at $811,000 after purchasing an additional 1,756 shares in the last quarter. Dakota Wealth Management raised its stake in Ford Motor by 80.5% during the third quarter. Dakota Wealth Management now owns 18,609 shares of the auto manufacturer’s stock worth $231,000 after acquiring an additional 8,302 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new position in Ford Motor during the third quarter worth about $450,000. Strategic Investment Advisors MI boosted its stake in shares of Ford Motor by 1.7% in the 3rd quarter. Strategic Investment Advisors MI now owns 56,039 shares of the auto manufacturer’s stock valued at $696,000 after purchasing an additional 921 shares in the last quarter. Finally, Kennedy Investment Group grew its holdings in shares of Ford Motor by 22.5% during the 3rd quarter. Kennedy Investment Group now owns 44,711 shares of the auto manufacturer’s stock valued at $555,000 after purchasing an additional 8,215 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of NYSE F opened at $12.42 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The stock has a fifty day simple moving average of $12.63 and a two-hundred day simple moving average of $11.80. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The firm has a market cap of $49.35 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.82 and a beta of 1.61.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 EPS. Analysts anticipate that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s payout ratio is currently 61.86%.

Insider Buying and Selling

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on F shares. Barclays increased their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Redburn Atlantic began coverage on shares of Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target for the company. Royal Bank of Canada boosted their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. UBS Group increased their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Citigroup lifted their price target on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.74.

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.