Neo Ivy Capital Management Reduces Position in Ford Motor Company (NYSE:F)

Key Points

• Neo Ivy Capital Management reduced its stake in Ford Motor Company by 51.3% in the first quarter, now holding 404,586 shares valued at $4,058,000.
• Multiple hedge funds have changed their positions in Ford, with Grove Bank & Trust increasing its stake by 289.1% during the same period.
• Ford's shares have seen rating upgrades from analysts, with Barclays raising its price target from $9.00 to $11.00 and a consensus target price now at $10.37.

Neo Ivy Capital Management lessened its stake in Ford Motor Company (NYSE:F - Free Report) by 51.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,586 shares of the auto manufacturer's stock after selling 426,135 shares during the quarter. Ford Motor comprises approximately 1.3% of Neo Ivy Capital Management's investment portfolio, making the stock its 9th biggest holding. Neo Ivy Capital Management's holdings in Ford Motor were worth $4,058,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of F. Grove Bank & Trust boosted 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 acquiring an additional 1,882 shares during the last quarter. Elite Financial Inc. bought a new position in Ford Motor during the 1st quarter worth approximately $27,000. Olde Wealth Management LLC bought a new position in Ford Motor in the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC bought a new position in Ford Motor in the first quarter valued at approximately $30,000. Finally, Spurstone Advisory Services LLC bought a new position in Ford Motor in the fourth quarter valued at approximately $31,000. Institutional investors own 58.74% of the company's stock.

Analyst Upgrades and Downgrades

F has been the topic of a number of research reports. Barclays boosted their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Piper Sandler boosted their price objective on shares of Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group boosted 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. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, UBS Group boosted 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 given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.37.

Insider Activity

In related news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the sale, the insider owned 113,939 shares in the company, valued at $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.48% of the company's stock.

Ford Motor Trading Up 1.8%

NYSE:F traded up $0.21 on Friday, reaching $11.47. 52,268,568 shares of the stock traded hands, compared to its average volume of 79,838,680. The firm has a market capitalization of $45.59 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 3.30 and a beta of 1.49. The company's 50 day moving average is $10.87 and its 200-day moving average is $10.17. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $11.97.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The company had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same quarter last year, the firm posted $0.49 EPS. The company's quarterly revenue was down 6.2% on a year-over-year basis. Equities research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.23%. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.

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.