Ford Motor (NYSE:F) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its stake in shares of Ford Motor (NYSE:F) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 415,917 shares of the auto manufacturer’s stock after selling 13,457 shares during the period. Kestra Private Wealth Services LLC’s holdings in Ford Motor were worth $4,118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Stoneridge Investment Partners LLC boosted its holdings in shares of Ford Motor by 78.9% during the 4th quarter. Stoneridge Investment Partners LLC now owns 286,372 shares of the auto manufacturer’s stock worth $2,835,000 after purchasing an additional 126,323 shares during the last quarter. Empowered Funds LLC raised its position in shares of Ford Motor by 10.8% during the 4th quarter. Empowered Funds LLC now owns 104,375 shares of the auto manufacturer’s stock valued at $1,033,000 after buying an additional 10,148 shares during the period. Pacific Wealth Strategies Group Inc. purchased a new stake in shares of Ford Motor during the 4th quarter valued at approximately $114,000. Cidel Asset Management Inc. raised its position in shares of Ford Motor by 3.1% during the 4th quarter. Cidel Asset Management Inc. now owns 72,121 shares of the auto manufacturer’s stock valued at $714,000 after buying an additional 2,194 shares during the period. Finally, Realta Investment Advisors purchased a new stake in shares of Ford Motor during the 4th quarter valued at approximately $227,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE:F opened at $9.26 on Tuesday. The company has a fifty day simple moving average of $10.06 and a two-hundred day simple moving average of $10.52. The company has a market cap of $36.78 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a 52 week low of $9.12 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, equities analysts anticipate that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.48%. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday. Bank of America reduced 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. Royal Bank of Canada reduced their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Finally, Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Three equities research analysts have 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 MarketBeat, the company has an average rating of “Hold” and an average target price of $11.89.

Ford Motor 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.