Columbia Asset Management Sells 1,631,500 Shares of Ford Motor (NYSE:F)

Columbia Asset Management reduced its stake in Ford Motor (NYSE:F - Free Report) by 98.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,558 shares of the auto manufacturer's stock after selling 1,631,500 shares during the quarter. Columbia Asset Management's holdings in Ford Motor were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in F. Tallon Kerry Patrick bought a new stake in shares of Ford Motor in the 4th quarter worth $116,000. Brown Lisle Cummings Inc. boosted its position in shares of Ford Motor by 9.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 30,207 shares of the auto manufacturer's stock valued at $299,000 after buying an additional 2,500 shares during the last quarter. Old North State Wealth Management LLC increased its holdings in Ford Motor by 2.9% in the 4th quarter. Old North State Wealth Management LLC now owns 548,708 shares of the auto manufacturer's stock worth $5,433,000 after buying an additional 15,254 shares in the last quarter. Retirement Systems of Alabama raised its position in Ford Motor by 0.6% in the 4th quarter. Retirement Systems of Alabama now owns 845,126 shares of the auto manufacturer's stock worth $8,367,000 after buying an additional 5,057 shares during the last quarter. Finally, Hager Investment Management Services LLC bought a new position in Ford Motor during the 4th quarter valued at about $26,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

Shares of F stock traded up $0.16 on Friday, hitting $10.26. 105,829,533 shares of the stock traded hands, compared to its average volume of 79,055,087. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 52 week low of $8.44 and a 52 week high of $14.85. The firm has a 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $10.00. The firm has a market cap of $40.80 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.61 and a beta of 1.50.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The business had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. During the same quarter in the prior year, the business posted $0.49 EPS. Ford Motor's revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Citigroup lifted their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and reduced their price objective for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. UBS Group lowered their target price on Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Piper Sandler boosted their price target on Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.03.

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.