Modern Wealth Management LLC Lowers Holdings in Ford Motor (NYSE:F)

Modern Wealth Management LLC reduced its stake in shares of Ford Motor (NYSE:F) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,247 shares of the auto manufacturer’s stock after selling 5,752 shares during the period. Modern Wealth Management LLC’s holdings in Ford Motor were worth $187,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Hager Investment Management Services LLC purchased a new stake in Ford Motor during the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Ford Motor during the 4th quarter worth about $29,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Ford Motor in the fourth quarter worth $30,000. Kentucky Trust Co purchased a new position in shares of Ford Motor in the 4th quarter valued at $31,000. Finally, Crewe Advisors LLC lifted its holdings in shares of Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 2,068 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Piper Sandler lowered their price target on Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. TD Cowen initiated coverage on Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 price target on the stock. Bank of America lowered their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, BNP Paribas raised shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.37.

Ford Motor Stock Down 1.8 %

Shares of Ford Motor stock opened at $9.73 on Friday. The business has a 50-day moving average price of $9.75 and a 200 day moving average price of $10.28. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85. The firm has a market cap of $38.54 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, sell-side analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) 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.