Rafferty Asset Management LLC Sells 98,633 Shares of Ford Motor Company $F

Key Points

• Rafferty Asset Management LLC has reduced its stake in Ford Motor Company by 25.9%, selling 98,633 shares and holding 282,263 shares valued at approximately $2.83 million.
• Analysts have increased their price targets for Ford Motor, with Barclays, JPMorgan, and UBS setting new targets in the range of $10.00 to $13.00, giving mixed ratings of "Buy," "Hold," and "Sell" across the board.
• Ford Motor Company announced a quarterly dividend of $0.15 per share, translating to an annualized dividend of $0.60 and a dividend yield of 5.1%.

Rafferty Asset Management LLC decreased its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 25.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 282,263 shares of the auto manufacturer's stock after selling 98,633 shares during the period. Rafferty Asset Management LLC's holdings in Ford Motor were worth $2,831,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. boosted its stake in Ford Motor by 21.2% during the first quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer's stock valued at $57,000 after buying an additional 989 shares during the period. Kovack Advisors Inc. boosted its stake in Ford Motor by 1.7% during the first quarter. Kovack Advisors Inc. now owns 62,199 shares of the auto manufacturer's stock valued at $624,000 after buying an additional 1,035 shares during the period. Partners Wealth Management LLC boosted its stake in Ford Motor by 8.4% during the first quarter. Partners Wealth Management LLC now owns 13,903 shares of the auto manufacturer's stock valued at $139,000 after buying an additional 1,082 shares during the period. NorthCrest Asset Manangement LLC boosted its stake in Ford Motor by 7.6% during the first quarter. NorthCrest Asset Manangement LLC now owns 16,203 shares of the auto manufacturer's stock valued at $163,000 after buying an additional 1,140 shares during the period. Finally, Lineweaver Wealth Advisors LLC boosted its stake in Ford Motor by 4.3% during the first quarter. Lineweaver Wealth Advisors LLC now owns 27,555 shares of the auto manufacturer's stock valued at $276,000 after buying an additional 1,142 shares during the period. Institutional investors own 58.74% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on F. Dbs Bank lowered Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Piper Sandler upped their price objective on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Jefferies Financial Group upped their price objective on Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a report on Monday, August 11th. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, The Goldman Sachs Group upped their price objective on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $10.53.

Insiders Place Their Bets

In related news, insider Andrew Frick sold 30,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.48% of the stock is owned by corporate insiders.

Ford Motor Trading Up 0.7%

F stock traded up $0.09 during trading on Monday, hitting $11.80. 44,049,553 shares of the company traded hands, compared to its average volume of 54,192,904. The firm has a market capitalization of $46.94 billion, a PE ratio of 15.12, a P/E/G ratio of 3.38 and a beta of 1.52. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.99. The company has a 50-day moving average of $11.36 and a 200-day moving average of $10.44. 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 issued 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. The company had revenue of $50.18 billion during the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.Ford Motor's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. Analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.1%. Ford Motor's dividend payout ratio is currently 76.92%.

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.