New Age Alpha Advisors LLC Trims Stock Position in Ford Motor Company (NYSE:F)

New Age Alpha Advisors LLC trimmed its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 7.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 275,315 shares of the auto manufacturer's stock after selling 22,811 shares during the quarter. New Age Alpha Advisors LLC's holdings in Ford Motor were worth $2,761,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tounjian Advisory Partners LLC purchased a new stake in shares of Ford Motor in the first quarter valued at approximately $974,000. Generali Investments CEE investicni spolecnost a.s. lifted its holdings in Ford Motor by 25.0% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer's stock valued at $3,009,000 after acquiring an additional 60,000 shares during the period. APG Asset Management N.V. purchased a new stake in shares of Ford Motor during the 4th quarter worth $20,408,000. Abundance Wealth Counselors grew its stake in shares of Ford Motor by 32.6% during the 1st quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer's stock worth $1,594,000 after purchasing an additional 38,794 shares during the period. Finally, OneAscent Financial Services LLC grew its stake in shares of Ford Motor by 107.1% during the 1st quarter. OneAscent Financial Services LLC now owns 122,748 shares of the auto manufacturer's stock worth $1,224,000 after purchasing an additional 63,488 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

F has been the topic of several recent analyst reports. The Goldman Sachs Group upped their target price on shares of Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Barclays upped their price target on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and reduced their price objective for the stock from $9.40 to $7.00 in a report on Wednesday, April 9th. Royal Bank Of Canada boosted their target price on Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Finally, Piper Sandler upped their target price on Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Ford Motor presently has a consensus rating of "Hold" and a consensus price target of $10.53.

Ford Motor Trading Up 1.6%

Shares of F opened at $11.24 on Thursday. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $11.97. The company has a market capitalization of $44.68 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 3.21 and a beta of 1.48. The stock has a fifty day moving average of $10.96 and a two-hundred day moving average of $10.24. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10.

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

Ford Motor Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Andrew Frick sold 30,000 shares of the business's 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 of the company's stock, valued at $1,253,329. The trade was a 20.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is currently owned by corporate insiders.

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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