Axxcess Wealth Management LLC trimmed its holdings in shares of Ford Motor (NYSE:F - Free Report) by 22.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 233,708 shares of the auto manufacturer's stock after selling 67,243 shares during the quarter. Axxcess Wealth Management LLC's holdings in Ford Motor were worth $2,849,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer's stock valued at $25,000 after acquiring an additional 1,839 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Ford Motor during the third quarter worth $27,000. Peoples Bank KS bought a new position in Ford Motor during the third quarter worth $29,000. Provence Wealth Management Group acquired a new position in Ford Motor in the third quarter valued at $31,000. Finally, Headinvest LLC bought a new stake in Ford Motor during the third quarter valued at $31,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CAO Mark Kosman sold 26,898 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares of the company's stock, valued at $88,988.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.80% of the company's stock.
Ford Motor Stock Performance
Shares of NYSE F traded down $0.06 during midday trading on Friday, hitting $12.43. The company's stock had a trading volume of 47,463,317 shares, compared to its average volume of 54,173,800. The firm has a market capitalization of $49.39 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 0.84 and a beta of 1.61. The stock has a fifty day moving average price of $12.64 and a 200 day moving average price of $11.80. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32.
Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. The company's quarterly revenue was up 3.1% compared to the same quarter last year. On average, research analysts forecast that Ford Motor will post 1.94 EPS for the current fiscal year.
Ford Motor Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.83%. The ex-dividend date is Tuesday, May 7th. Ford Motor's payout ratio is 61.86%.
Analyst Ratings Changes
Several research firms have recently weighed in on F. Morgan Stanley lifted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. Redburn Atlantic started coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a "sell" rating and a $10.00 price objective on the stock. Royal Bank of Canada raised their target price on Ford Motor from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Thursday, April 25th. UBS Group upped their price target on Ford Motor from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, April 25th. Finally, Barclays raised their price objective 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 investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $13.74.
Read Our Latest Research Report on F
Ford Motor Company Profile
(
Free Report)
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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