Wealthspire Advisors LLC Grows Position in Ford Motor (NYSE:F)

Wealthspire Advisors LLC grew its stake in Ford Motor (NYSE:F) by 29.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,429 shares of the auto manufacturer’s stock after acquiring an additional 43,316 shares during the quarter. Wealthspire Advisors LLC’s holdings in Ford Motor were worth $2,297,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in F. Charles Schwab Investment Management Inc. grew its stake in Ford Motor by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock worth $1,068,596,000 after acquiring an additional 269,887 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after purchasing an additional 3,522,965 shares during the last quarter. Northern Trust Corp grew its position in shares of Ford Motor by 3.8% in the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after purchasing an additional 1,392,408 shares during the period. LSV Asset Management increased its stake in Ford Motor by 3.9% in the third quarter. LSV Asset Management now owns 20,238,211 shares of the auto manufacturer’s stock valued at $251,359,000 after purchasing an additional 751,500 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Ford Motor by 21.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock worth $153,421,000 after buying an additional 2,190,915 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F stock traded down $0.02 during trading hours on Thursday, reaching $12.13. The stock had a trading volume of 28,990,101 shares, compared to its average volume of 53,505,438. The firm has a market capitalization of $48.43 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. The firm has a 50-day simple moving average of $12.65 and a 200-day simple moving average of $11.81. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99.

Ford Motor (NYSE:F) last released its quarterly 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 company had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts forecast that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.95%. Ford Motor’s payout ratio is 61.86%.

Analyst Ratings Changes

Several analysts have commented on F shares. Piper Sandler began coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target for the company. Barclays boosted their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Redburn Atlantic initiated coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target on the stock. Citigroup upped their price objective on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Royal Bank of Canada raised their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. 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. According to data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $13.74.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is owned by insiders.

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.