Bridge Creek Capital Management LLC Sells 81,224 Shares of Ford Motor Company $F

Key Points

• Bridge Creek Capital Management LLC reduced its stake in Ford Motor Company by 45.8%, now holding 95,956 shares valued at $1,041,000 after selling 81,224 shares in the second quarter.
• Analysts have mixed ratings for Ford; with two Buy ratings, twelve Hold ratings, and three Sell ratings, the consensus rating is "Reduce" with a price target of $10.53.
• Ford recently announced a quarterly dividend of $0.15, resulting in an annual yield of 5.2% and a payout ratio of 76.92%.

Bridge Creek Capital Management LLC lowered its position in Ford Motor Company (NYSE:F - Free Report) by 45.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,956 shares of the auto manufacturer's stock after selling 81,224 shares during the period. Bridge Creek Capital Management LLC's holdings in Ford Motor were worth $1,041,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. My Legacy Advisors LLC raised its position in shares of Ford Motor by 14.2% in the 2nd quarter. My Legacy Advisors LLC now owns 53,452 shares of the auto manufacturer's stock worth $637,000 after acquiring an additional 6,637 shares in the last quarter. Lantz Financial LLC raised its position in shares of Ford Motor by 14.3% in the 2nd quarter. Lantz Financial LLC now owns 11,824 shares of the auto manufacturer's stock worth $128,000 after acquiring an additional 1,481 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in shares of Ford Motor by 4.3% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 59,417 shares of the auto manufacturer's stock worth $645,000 after acquiring an additional 2,453 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Ford Motor by 11.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 52,719 shares of the auto manufacturer's stock worth $572,000 after acquiring an additional 5,559 shares in the last quarter. Finally, Perpetual Ltd purchased a new stake in shares of Ford Motor in the 2nd quarter worth approximately $573,000. Institutional investors own 58.74% of the company's stock.

Insider Buying and Selling at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the transaction, the insider directly owned 113,939 shares of the company's stock, valued at $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is currently owned by insiders.

Ford Motor Stock Performance

Ford Motor stock traded down $0.11 during trading on Friday, reaching $11.63. The company had a trading volume of 71,653,327 shares, compared to its average volume of 47,121,596. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.99. The firm's 50-day simple moving average is $11.46 and its 200 day simple moving average is $10.67. The firm has a market capitalization of $46.29 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 3.34 and a beta of 1.52. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. During the same period in the previous year, the firm earned $0.47 EPS. The business's quarterly revenue was up 5.0% on a year-over-year basis. Sell-side analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor's payout ratio is presently 76.92%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group upped their price target on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Jefferies Financial Group upped their price target on Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a research note on Monday, August 11th. JPMorgan Chase & Co. upped their price target on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Piper Sandler increased their target price on Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Ford Motor currently has a consensus rating of "Reduce" and an average target price of $10.53.

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.