Ford Motor (NYSE:F) Shares Sold by BetterWealth LLC

BetterWealth LLC lessened its holdings in shares of Ford Motor (NYSE:F) by 7.6% during the first quarter, HoldingsChannel reports. The fund owned 11,921 shares of the auto manufacturer’s stock after selling 985 shares during the period. BetterWealth LLC’s holdings in Ford Motor were worth $158,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Financial Synergies Wealth Advisors Inc. boosted its position in shares of Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings 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 buying an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC boosted its holdings in 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 buying an additional 1,086 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new position in Ford Motor during the fourth quarter worth about $27,000. Finally, Bruce G. Allen Investments LLC increased its holdings in Ford Motor by 71.4% in the first quarter. Bruce G. Allen Investments LLC now owns 2,395 shares of the auto manufacturer’s stock valued at $32,000 after buying an additional 998 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Activity

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the transaction, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Ford Motor Stock Performance

Shares of NYSE F remained flat at $12.87 during mid-day trading on Thursday. The company had a trading volume of 26,894,317 shares, compared to its average volume of 44,559,224. The business has a fifty day moving average price of $12.20 and a 200-day moving average price of $12.26. The stock has a market capitalization of $51.38 billion, a PE ratio of 13.27, a PEG ratio of 0.83 and a beta of 1.62. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42.

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

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Analyst Ratings Changes

Several brokerages have recently commented on F. Barclays boosted their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Sanford C. Bernstein started coverage on Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target for the company. Royal Bank of Canada lifted their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. UBS Group raised their price objective on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, Citigroup boosted their price objective on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.89.

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.