Ford Motor Company $F Shares Sold by Tcfg Wealth Management LLC

Key Points

• Tcfg Wealth Management LLC reduced its stake in Ford Motor Company by 85.4%, now holding just 23,830 shares after selling 139,224 shares in the second quarter.
• Ford reported earnings per share of $0.37 for the latest quarter, exceeding analysts' expectations of $0.33, with revenues of $50.18 billion, showcasing a 5% year-over-year increase.
• Analysts' ratings are mixed, with 13 hold ratings, 2 buy ratings, and 2 sell ratings; the average target price for Ford's stock is currently $11.04.

Tcfg Wealth Management LLC reduced its position in shares of Ford Motor Company (NYSE:F - Free Report) by 85.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,830 shares of the auto manufacturer's stock after selling 139,224 shares during the period. Tcfg Wealth Management LLC's holdings in Ford Motor were worth $259,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust grew its stake in Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after buying an additional 1,882 shares during the last quarter. Elite Financial Inc. bought a new position in Ford Motor during the 1st quarter worth $27,000. Olde Wealth Management LLC bought a new position in Ford Motor during the 1st quarter worth $28,000. MorganRosel Wealth Management LLC bought a new position in Ford Motor during the 1st quarter worth $30,000. Finally, WPG Advisers LLC bought a new position in Ford Motor during the 1st quarter worth $33,000. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group upped their price objective on Ford Motor from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Monday. Dbs Bank cut Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Weiss Ratings reissued a "hold (c-)" rating on shares of Ford Motor in a research note on Saturday, September 27th. JPMorgan Chase & Co. increased 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. Finally, Piper Sandler increased their price target on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $11.04.

Ford Motor Trading Down 6.1%

Shares of F stock opened at $11.93 on Wednesday. The stock has a 50-day simple moving average of $11.63 and a 200 day simple moving average of $10.86. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $12.80. The stock has a market capitalization of $47.46 billion, a P/E ratio of 15.29, a P/E/G ratio of 3.65 and a beta of 1.53. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

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

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.0%. Ford Motor's dividend payout ratio (DPR) is currently 76.92%.

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.

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