Mission Wealth Management LP Decreases Holdings in Ford Motor (NYSE:F)

Mission Wealth Management LP reduced its stake in shares of Ford Motor (NYSE:F) by 23.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,746 shares of the auto manufacturer’s stock after selling 10,009 shares during the quarter. Mission Wealth Management LP’s holdings in Ford Motor were worth $399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Ford Motor by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock worth $1,085,406,000 after acquiring an additional 2,657,650 shares during the last quarter. International Assets Investment Management LLC grew its stake in Ford Motor by 1,084.8% during the 4th quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock worth $32,876,000 after buying an additional 2,469,344 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Ford Motor by 21.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock valued at $153,421,000 after buying an additional 2,190,915 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in Ford Motor by 134.9% in the third quarter. Quadrature Capital Ltd now owns 3,630,986 shares of the auto manufacturer’s stock worth $45,115,000 after acquiring an additional 2,085,031 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Ford Motor by 105.6% during the fourth quarter. Pacer Advisors Inc. now owns 3,595,683 shares of the auto manufacturer’s stock worth $43,831,000 after acquiring an additional 1,846,690 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on F shares. Redburn Atlantic began coverage on Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 target price for the company. Royal Bank of Canada upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Morgan Stanley increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. 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 research report on Thursday, April 11th. Finally, Piper Sandler initiated coverage on Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $13.74.

Ford Motor Stock Down 0.6 %

F opened at $12.42 on Friday. The company has a market cap of $49.35 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 0.82 and a beta of 1.61. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42. The company has a 50-day moving average price of $12.63 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 (NYSE:F) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. Ford Motor’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. Sell-side analysts expect that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be given 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 payout ratio is 61.86%.

Insider Transactions at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.80% of the company’s stock.

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.