TruWealth Advisors LLC Lowers Position in Ford Motor (NYSE:F)

TruWealth Advisors LLC trimmed its position in shares of Ford Motor (NYSE:F) by 11.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,168 shares of the auto manufacturer’s stock after selling 1,301 shares during the quarter. TruWealth Advisors LLC’s holdings in Ford Motor were worth $102,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. NCP Inc. lifted its position in shares of Ford Motor by 62.0% during the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after buying an additional 28,528 shares during the last quarter. Alberta Investment Management Corp lifted its position in shares of Ford Motor by 87.1% during the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after buying an additional 91,300 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Ford Motor by 12.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer’s stock valued at $4,511,000 after buying an additional 49,844 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of Ford Motor during the fourth quarter valued at about $1,012,000. Finally, Wernau Asset Management Inc. acquired a new position in shares of Ford Motor during the fourth quarter valued at about $344,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

F has been the subject of several research analyst reports. TD Cowen initiated coverage on shares of Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 price objective for the company. BNP Paribas raised shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Wall Street Zen lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. increased their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, Citigroup increased their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.03.

Ford Motor Price Performance

Shares of NYSE:F opened at $10.25 on Thursday. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.85. The company’s 50 day moving average is $10.00 and its 200 day moving average is $10.01. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a market cap of $40.76 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Ford Motor’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. On average, sell-side analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.85%. Ford Motor’s payout ratio is 48.00%.

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.