CreativeOne Wealth LLC Sells 110,891 Shares of Ford Motor Company $F

Key Points

• CreativeOne Wealth LLC has reduced its holdings in Ford Motor Company by 38.1%, selling 110,891 shares in the first quarter, now retaining 180,322 shares worth approximately $1.8 million.
• Ford Motor announced a quarterly dividend of $0.15 per share, with a yield of 5.1%, to be paid on September 2nd, a significant factor for investors.
• Analyst ratings for Ford show a mixed outlook, with the stock receiving two 'Buy', twelve 'Hold', and three 'Sell' ratings, highlighting a price target increase to $11.00 by UBS Group.

CreativeOne Wealth LLC cut its position in shares of Ford Motor Company (NYSE:F - Free Report) by 38.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,322 shares of the auto manufacturer's stock after selling 110,891 shares during the quarter. CreativeOne Wealth LLC's holdings in Ford Motor were worth $1,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Tounjian Advisory Partners LLC bought a new stake in Ford Motor in the first quarter worth $974,000. Generali Investments CEE investicni spolecnost a.s. boosted its holdings in Ford Motor by 25.0% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer's stock worth $3,009,000 after acquiring an additional 60,000 shares in the last quarter. FORA Capital LLC bought a new stake in Ford Motor in the first quarter worth $7,398,000. Abundance Wealth Counselors boosted its holdings in Ford Motor by 32.6% in the first quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer's stock worth $1,594,000 after acquiring an additional 38,794 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in Ford Motor in the first quarter worth $2,373,000. 58.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

F has been the topic of several analyst reports. Dbs Bank downgraded Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. The Goldman Sachs Group boosted their target price on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Piper Sandler boosted their target price on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Jefferies Financial Group boosted their target price on Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a report on Monday, August 11th. Finally, UBS Group boosted 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. Two equities research 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's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $10.53.

Ford Motor Stock Down 1.6%

F stock opened at $11.72 on Friday. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $11.99. The business has a fifty day moving average price of $11.33 and a 200-day moving average price of $10.41. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The stock has a market capitalization of $46.62 billion, a P/E ratio of 15.02, a P/E/G ratio of 3.41 and a beta of 1.48.

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

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Monday, August 11th. Ford Motor's dividend payout ratio is 76.92%.

Insider Buying and Selling

In related news, insider Andrew Frick sold 30,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.48% of the company's stock.

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.

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