Sigma Planning Corp Lowers Stock Position in Ford Motor (NYSE:F)

Sigma Planning Corp lessened its holdings in Ford Motor (NYSE:F) by 63.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 138,137 shares of the auto manufacturer’s stock after selling 240,772 shares during the period. Sigma Planning Corp’s holdings in Ford Motor were worth $1,684,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Ford Motor by 835.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,839 shares during the period. Milestone Investment Advisors LLC purchased a new stake in shares of Ford Motor in the 3rd quarter worth approximately $27,000. Quarry LP purchased a new stake in Ford Motor during the second quarter valued at approximately $28,000. Peoples Bank KS purchased a new stake in Ford Motor during the third quarter valued at approximately $29,000. Finally, Fairfield Bush & CO. purchased a new stake in Ford Motor during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.3 %

NYSE:F opened at $12.18 on Monday. The firm has a market capitalization of $48.40 billion, a P/E ratio of 11.24, a PEG ratio of 0.96 and a beta of 1.63. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The company’s fifty day moving average price is $12.59 and its 200-day moving average price is $11.76. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.17. The firm had revenue of $43.21 billion for the quarter, compared to analyst estimates of $43.06 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. As a group, equities research analysts anticipate that Ford Motor will post 1.89 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s payout ratio is currently 55.56%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on F. Redburn Atlantic began coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 target price for the company. Piper Sandler began coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $12.00 target price on shares of Ford Motor in a research report on Wednesday, February 7th. UBS Group cut shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Wednesday, January 17th. Finally, Barclays increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.82.

Insider Transactions at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were 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 can be accessed through this link. Company insiders own 0.40% of the company’s stock.

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.