Atria Wealth Solutions Inc. Sells 71,903 Shares of Ford Motor Company (NYSE:F)

Atria Wealth Solutions Inc. lessened its holdings in Ford Motor Company (NYSE:F - Free Report) by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 535,831 shares of the auto manufacturer's stock after selling 71,903 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Ford Motor were worth $5,374,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Grove Bank & Trust raised its position in shares of Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after acquiring an additional 1,882 shares during the period. Elite Financial Inc. acquired a new stake in Ford Motor during the 1st quarter worth approximately $27,000. Olde Wealth Management LLC acquired a new stake in Ford Motor during the 1st quarter worth approximately $28,000. MorganRosel Wealth Management LLC acquired a new stake in Ford Motor during the 1st quarter worth approximately $30,000. Finally, Spurstone Advisory Services LLC acquired a new stake in Ford Motor during the 4th quarter worth approximately $31,000. Institutional investors own 58.74% of the company's stock.

Insider Activity at Ford Motor

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. The Goldman Sachs Group raised their target price on shares of Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Citigroup raised their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Royal Bank Of Canada raised their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a report on Tuesday. Finally, UBS Group raised their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.53.

Ford Motor Stock Up 0.6%

Shares of NYSE F traded up $0.07 during midday trading on Thursday, reaching $11.28. The company's stock had a trading volume of 71,736,158 shares, compared to its average volume of 69,300,888. 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 Company has a fifty-two week low of $8.44 and a fifty-two week high of $11.97. The stock has a market capitalization of $44.84 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 3.24 and a beta of 1.48. The stock has a 50 day simple moving average of $10.98 and a 200-day simple moving average of $10.25.

Ford Motor (NYSE:F - Get Free Report) last released 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 net margin of 1.70% and a return on equity of 12.46%. The business had revenue of $50.18 billion during the quarter, compared to analysts' expectations of $42.91 billion. During the same period last year, the business earned $0.47 earnings per share. The firm's revenue was up 5.0% on a year-over-year basis. Equities research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Monday, August 11th. Ford Motor's payout ratio is currently 76.92%.

Ford Motor 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.