Ford Motor (NYSE:F) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in shares of Ford Motor (NYSE:F - Free Report) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,014,577 shares of the auto manufacturer's stock after selling 93,724 shares during the quarter. Amalgamated Bank's holdings in Ford Motor were worth $12,368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of F. SVB Wealth LLC boosted its holdings in shares of Ford Motor by 2.8% during the third quarter. SVB Wealth LLC now owns 65,267 shares of the auto manufacturer's stock worth $811,000 after purchasing an additional 1,756 shares during the period. Dakota Wealth Management lifted its holdings in Ford Motor by 80.5% in the third quarter. Dakota Wealth Management now owns 18,609 shares of the auto manufacturer's stock worth $231,000 after buying an additional 8,302 shares during the period. Total Clarity Wealth Management Inc. purchased a new stake in Ford Motor in the third quarter worth about $450,000. Strategic Investment Advisors MI lifted its holdings in Ford Motor by 1.7% in the third quarter. Strategic Investment Advisors MI now owns 56,039 shares of the auto manufacturer's stock worth $696,000 after buying an additional 921 shares during the period. Finally, Kennedy Investment Group lifted its holdings in Ford Motor by 22.5% in the third quarter. Kennedy Investment Group now owns 44,711 shares of the auto manufacturer's stock worth $555,000 after buying an additional 8,215 shares during the period. 58.74% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares of the company's stock, valued at $88,988.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.80% of the company's stock.

Ford Motor Trading Down 0.5 %

NYSE F traded down $0.06 during trading hours on Friday, hitting $12.43. 47,463,317 shares of the company were exchanged, compared to its average volume of 54,173,800. The stock has a 50-day moving average price of $12.64 and a 200 day moving average price of $11.80. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The stock has a market cap of $49.39 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. The company had revenue of $42.78 billion for the quarter, compared to analysts' expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. Analysts forecast that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.83%. Ford Motor's dividend payout ratio is 61.86%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on F. Piper Sandler began coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a "neutral" rating and a $13.00 price target for the company. Redburn Atlantic initiated coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They issued a "sell" rating and a $10.00 target price for the company. UBS Group increased their price target on Ford Motor from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Thursday, April 25th. Citigroup upped their price objective on Ford Motor from $16.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Barclays boosted their price target on Ford Motor from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $13.74.

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.