Meridian Wealth Management LLC Cuts Stock Holdings in Ford Motor (NYSE:F)

Meridian Wealth Management LLC reduced its position in shares of Ford Motor (NYSE:F) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,238 shares of the auto manufacturer’s stock after selling 3,604 shares during the period. Meridian Wealth Management LLC’s holdings in Ford Motor were worth $844,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd grew its position in Ford Motor by 27.4% during the fourth quarter. Plato Investment Management Ltd now owns 152,999 shares of the auto manufacturer’s stock worth $1,520,000 after buying an additional 32,863 shares during the period. SBI Securities Co. Ltd. acquired a new position in Ford Motor during the fourth quarter worth about $423,000. Jones Financial Companies Lllp grew its position in Ford Motor by 44.2% during the fourth quarter. Jones Financial Companies Lllp now owns 634,841 shares of the auto manufacturer’s stock worth $6,285,000 after buying an additional 194,555 shares during the period. Modera Wealth Management LLC grew its position in Ford Motor by 21.7% during the fourth quarter. Modera Wealth Management LLC now owns 29,552 shares of the auto manufacturer’s stock worth $293,000 after buying an additional 5,262 shares during the period. Finally, SRS Capital Advisors Inc. grew its position in Ford Motor by 412.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 23,949 shares of the auto manufacturer’s stock worth $237,000 after buying an additional 19,272 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on F shares. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Thursday, November 7th. Wells Fargo & Company lowered their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Evercore ISI lowered their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Finally, Bank of America lowered their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.89.

Ford Motor Stock Performance

NYSE:F opened at $9.14 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a market cap of $36.21 billion, a P/E ratio of 6.26, a P/E/G ratio of 0.61 and a beta of 1.63. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85. The firm’s 50 day moving average is $9.74 and its two-hundred day moving average is $10.40.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Analysts expect that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio is presently 41.10%.

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.