Chapin Davis Inc. Sells 26,107 Shares of Ford Motor Company (NYSE:F)

Chapin Davis Inc. cut its position in shares of Ford Motor Company (NYSE:F - Free Report) by 62.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,636 shares of the auto manufacturer's stock after selling 26,107 shares during the quarter. Chapin Davis Inc.'s holdings in Ford Motor were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust increased its position in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 1,882 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in Ford Motor during the fourth quarter valued at about $30,000. Spurstone Advisory Services LLC purchased a new stake in Ford Motor during the fourth quarter worth about $31,000. Wood Tarver Financial Group LLC bought a new stake in Ford Motor in the fourth quarter worth about $31,000. Finally, BankPlus Trust Department purchased a new position in Ford Motor in the fourth quarter valued at about $34,000. 58.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on F shares. TD Cowen began coverage on shares of Ford Motor in a research note on Friday, March 7th. They set a "hold" rating and a $10.00 price target for the company. JPMorgan Chase & Co. increased their price objective on Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Barclays boosted their target price on Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. UBS Group cut their price target on Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.03.

Ford Motor Price Performance

F stock traded up $0.18 during mid-day trading on Friday, reaching $10.81. 181,959,522 shares of the company traded hands, compared to its average volume of 81,742,696. The company has a fifty day moving average price of $10.34 and a 200-day moving average price of $9.96. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $14.85. The company has a market capitalization of $42.99 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.89 and a beta of 1.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.13 and a quick ratio of 0.97.

Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The business had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same quarter in the prior year, the firm posted $0.49 EPS. Ford Motor's revenue was down 6.2% on a year-over-year basis. As a group, analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were given a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.55%. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.

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.