Cullinan Associates Inc. Sells 29,000 Shares of Ford Motor (NYSE:F)

Cullinan Associates Inc. reduced its position in shares of Ford Motor (NYSE:F) by 71.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 11,500 shares of the auto manufacturer’s stock after selling 29,000 shares during the quarter. Cullinan Associates Inc.’s holdings in Ford Motor were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of F. Whittier Trust Co. of Nevada Inc. increased its position in Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,839 shares during the period. Fortis Group Advisors LLC increased its holdings in shares of Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 1,086 shares during the period. Voisard Asset Management Group Inc. bought a new position in shares of Ford Motor during the fourth quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. boosted its stake in shares of Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,938 shares during the period. Finally, Headinvest LLC bought a new position in Ford Motor during the 3rd quarter worth $31,000. Institutional investors own 58.74% of the company’s stock.

Insider Activity

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the transaction, the director now directly owns 168,601 shares in the company, valued at approximately $2,038,386.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

Ford Motor Trading Up 0.2 %

NYSE:F traded up $0.02 during trading hours on Tuesday, reaching $12.78. The company’s stock had a trading volume of 24,379,816 shares, compared to its average volume of 51,035,395. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The firm has a 50-day simple moving average of $12.21 and a 200-day simple moving average of $12.24. The firm has a market capitalization of $51.02 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.81 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Research analysts expect that Ford Motor will post 2.02 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were given a $0.15 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.69%. Ford Motor’s dividend payout ratio is 61.86%.

Analyst Ratings Changes

A number of research firms have recently weighed in on F. UBS Group upped their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Royal Bank of Canada upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Barclays raised their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler assumed coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price on the stock. Finally, Sanford C. Bernstein started coverage on shares of Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.89.

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.