Kingswood Wealth Advisors LLC Decreases Holdings in Ford Motor Company $F

Key Points

• Kingswood Wealth Advisors LLC reduced its holdings in Ford Motor Company by 87%, owning just 18,052 shares following the sale of 121,198 shares in the second quarter.
• Despite a significant drop in some holdings, other investors like Joel Isaacson & Co. LLC and Belpointe Asset Management LLC increased their stake in Ford by 12.4% and 155.4% respectively.
• Ford's stock is currently rated as a "Hold" by analysts, with a consensus target price of $11.04, indicating a stable outlook despite ongoing fluctuations in investor sentiment.

Kingswood Wealth Advisors LLC trimmed its position in shares of Ford Motor Company (NYSE:F - Free Report) by 87.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,052 shares of the auto manufacturer's stock after selling 121,198 shares during the period. Kingswood Wealth Advisors LLC's holdings in Ford Motor were worth $196,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Joel Isaacson & Co. LLC raised its holdings in shares of Ford Motor by 12.4% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 13,375 shares of the auto manufacturer's stock valued at $145,000 after buying an additional 1,480 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Ford Motor by 3.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 1,359,913 shares of the auto manufacturer's stock valued at $14,755,000 after buying an additional 51,600 shares in the last quarter. Seamount Financial Group Inc. purchased a new position in Ford Motor in the 2nd quarter worth approximately $119,000. SteelPeak Wealth LLC increased its stake in Ford Motor by 64.2% in the 2nd quarter. SteelPeak Wealth LLC now owns 42,907 shares of the auto manufacturer's stock worth $466,000 after purchasing an additional 16,772 shares during the period. Finally, Belpointe Asset Management LLC increased its stake in Ford Motor by 155.4% in the 2nd quarter. Belpointe Asset Management LLC now owns 42,595 shares of the auto manufacturer's stock worth $462,000 after purchasing an additional 25,918 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on F. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ford Motor in a research note on Saturday, September 27th. Royal Bank Of Canada lifted their price target on Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 5th. Wells Fargo & Company increased their target price on shares of Ford Motor from $8.00 to $10.00 and gave the stock an "underweight" rating in a report on Friday, October 3rd. Finally, Barclays increased their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $11.04.

Ford Motor Stock Performance

NYSE:F opened at $11.43 on Monday. The stock has a market cap of $45.47 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 3.26 and a beta of 1.53. The firm's fifty day simple moving average is $11.67 and its 200 day simple moving average is $10.89. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $12.80. 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 released its quarterly 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. The business had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, research analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor's dividend payout ratio is presently 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.

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