Legacy Financial Advisors Inc. Reduces Holdings in Ford Motor (NYSE:F)

Legacy Financial Advisors Inc. lessened its position in Ford Motor (NYSE:F) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,609 shares of the auto manufacturer’s stock after selling 1,348 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Ford Motor were worth $471,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. F M Investments LLC lifted its position in shares of Ford Motor by 20.4% during the fourth quarter. F M Investments LLC now owns 125,568 shares of the auto manufacturer’s stock worth $1,243,000 after purchasing an additional 21,288 shares during the last quarter. Bessemer Group Inc. boosted its position in Ford Motor by 37.0% in the 4th quarter. Bessemer Group Inc. now owns 37,414 shares of the auto manufacturer’s stock valued at $370,000 after buying an additional 10,095 shares during the period. APG Asset Management N.V. bought a new position in Ford Motor in the 4th quarter worth about $20,408,000. Bernard Wealth Management Corp. purchased a new position in shares of Ford Motor during the fourth quarter worth approximately $98,000. Finally, Rathbones Group PLC raised its stake in shares of Ford Motor by 18.9% during the fourth quarter. Rathbones Group PLC now owns 37,427 shares of the auto manufacturer’s stock valued at $371,000 after acquiring an additional 5,946 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

F has been the topic of several research reports. Sanford C. Bernstein downgraded Ford Motor from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $9.40 to $7.00 in a report on Wednesday. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and cut their price target for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Evercore ISI lowered their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Monday, February 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $9.00 price target (down from $11.00) on shares of Ford Motor in a report on Thursday. Finally, Piper Sandler reduced their target price on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $10.50.

Ford Motor Stock Performance

NYSE F opened at $9.13 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 1-year low of $8.44 and a 1-year high of $14.85. The business’s 50-day simple moving average is $9.60 and its 200-day simple moving average is $10.18. The firm has a market capitalization of $36.18 billion, a P/E ratio of 6.25, a P/E/G ratio of 0.61 and a beta of 1.41.

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

Ford Motor Announces Dividend

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

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.