Nicolet Advisory Services LLC Sells 14,458 Shares of Ford Motor (NYSE:F)

Nicolet Advisory Services LLC lessened its stake in shares of Ford Motor (NYSE:F) by 51.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,788 shares of the auto manufacturer’s stock after selling 14,458 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Ford Motor were worth $133,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. OneAscent Financial Services LLC raised its stake in shares of Ford Motor by 14.8% in the fourth quarter. OneAscent Financial Services LLC now owns 59,260 shares of the auto manufacturer’s stock valued at $587,000 after buying an additional 7,655 shares during the period. Private Portfolio Partners LLC increased its holdings in Ford Motor by 9.6% in the 4th quarter. Private Portfolio Partners LLC now owns 20,675 shares of the auto manufacturer’s stock worth $205,000 after acquiring an additional 1,812 shares during the last quarter. RFG Bristol Wealth Advisors LLC bought a new stake in Ford Motor in the 4th quarter valued at about $137,000. Geode Capital Management LLC lifted its holdings in Ford Motor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock valued at $830,662,000 after purchasing an additional 2,089,127 shares during the last quarter. Finally, StoneX Group Inc. boosted its position in Ford Motor by 48.2% during the fourth quarter. StoneX Group Inc. now owns 32,373 shares of the auto manufacturer’s stock worth $320,000 after purchasing an additional 10,533 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.4 %

Shares of NYSE:F opened at $9.58 on Friday. The firm has a market capitalization of $37.95 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a 52-week low of $9.06 and a 52-week high of $14.85. The firm has a fifty day moving average of $9.72 and a 200 day moving average of $10.25.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, research analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is currently 41.10%.

Analyst Ratings Changes

Several analysts have recently issued reports on F shares. Bank of America lowered their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company dropped their target price on 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. reduced 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. Piper Sandler dropped their price objective on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Finally, Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.37.

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.