KMG Fiduciary Partners LLC Decreases Stock Position in Ford Motor Company $F

Key Points

• KMG Fiduciary Partners LLC reduced its stake in Ford Motor Company by 26.7%, holding 76,500 shares valued at approximately $830,000 after selling 27,864 shares in the latest quarter.
• Vanguard Group and Pacer Advisors are among institutional investors that increased their stakes in Ford, with Vanguard raising its position by 13.8% and Pacer by an extraordinary 6,915.1% during the first quarter.
• Ford recently reported earnings of $0.37 per share for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.15, yielding 5.1%.

KMG Fiduciary Partners LLC decreased its position in Ford Motor Company (NYSE:F - Free Report) by 26.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 76,500 shares of the auto manufacturer's stock after selling 27,864 shares during the period. KMG Fiduciary Partners LLC's holdings in Ford Motor were worth $830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Signal Advisors Wealth LLC lifted its stake in Ford Motor by 17.8% in the 2nd quarter. Signal Advisors Wealth LLC now owns 117,682 shares of the auto manufacturer's stock valued at $1,277,000 after acquiring an additional 17,776 shares in the last quarter. Lincoln Capital Corp lifted its position in Ford Motor by 12.0% during the 2nd quarter. Lincoln Capital Corp now owns 23,072 shares of the auto manufacturer's stock worth $250,000 after buying an additional 2,480 shares in the last quarter. Lineweaver Wealth Advisors LLC lifted its position in Ford Motor by 7.1% during the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 29,501 shares of the auto manufacturer's stock worth $320,000 after buying an additional 1,946 shares in the last quarter. Channel Wealth LLC bought a new stake in Ford Motor during the second quarter worth about $110,000. Finally, Pines Wealth Management LLC raised its holdings in Ford Motor by 3.9% during the second quarter. Pines Wealth Management LLC now owns 40,435 shares of the auto manufacturer's stock worth $478,000 after acquiring an additional 1,531 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

Shares of F stock traded down $0.11 on Friday, hitting $11.63. The company's stock had a trading volume of 71,653,327 shares, compared to its average volume of 47,121,596. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The stock's 50 day moving average is $11.46 and its 200-day moving average is $10.67. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $11.99. The company has a market capitalization of $46.29 billion, a PE ratio of 14.91, a PEG ratio of 3.38 and a beta of 1.52.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. The firm had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. Equities research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Monday, August 11th. Ford Motor's payout ratio is 76.92%.

Insider Transactions at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

F has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a report on Tuesday, August 5th. Piper Sandler lifted their target price on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. 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 upped their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Ford Motor has an average rating of "Reduce" and an average target price of $10.53.

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.