Sowell Financial Services LLC Sells 40,332 Shares of Ford Motor Company $F

Key Points

• Sowell Financial Services LLC reduced its Ford Motor Company holdings by 12.2% in the 2nd quarter, selling 40,332 shares and now owns 290,553 shares valued at approximately $3.15 million.
• Ford reported a quarterly EPS of $0.37, exceeding the consensus estimate of $0.33, and had revenue of $50.18 billion, which is a 5% increase year-over-year.
• The company declared a quarterly dividend of $0.15 per share, translating to an annualized dividend of $0.60 and a yield of 5.2%.

Sowell Financial Services LLC lowered its position in Ford Motor Company (NYSE:F - Free Report) by 12.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,553 shares of the auto manufacturer's stock after selling 40,332 shares during the quarter. Sowell Financial Services LLC's holdings in Ford Motor were worth $3,152,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in F. Grove Bank & Trust raised its stake in shares of Ford Motor by 289.1% in the first 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 first quarter worth about $27,000. Olde Wealth Management LLC acquired a new position in shares of Ford Motor during the 1st quarter worth $28,000. MorganRosel Wealth Management LLC acquired a new stake in Ford Motor during the 1st quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Ford Motor in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 58.74% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on F. Jefferies Financial Group boosted their price target on shares of Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a research report on Monday, August 11th. Dbs Bank downgraded shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Barclays increased their target price on shares of Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. UBS Group upped their price objective on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada increased their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Ford Motor has a consensus rating of "Reduce" and an average price target of $10.53.

Insider Buying and Selling at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the firm's stock in a transaction dated 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 owned 113,939 shares in the company, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.48% of the company's stock.

Ford Motor Stock Performance

F traded up $0.05 on Monday, hitting $11.67. 58,400,302 shares of the company's stock were exchanged, compared to its average volume of 47,778,476. The stock has a fifty day moving average of $11.45 and a two-hundred day moving average of $10.69. The firm has a market cap of $46.44 billion, a PE ratio of 14.96, a P/E/G ratio of 3.34 and a beta of 1.52. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $11.99. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS 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 net margin of 1.70% and a return on equity of 12.46%. The business's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. On average, research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor's dividend payout ratio is currently 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.