Rafferty Asset Management LLC Sells 98,633 Shares of Ford Motor Company $F

Rafferty Asset Management LLC lessened its holdings in Ford Motor Company (NYSE:F) by 25.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 282,263 shares of the auto manufacturer’s stock after selling 98,633 shares during the period. Rafferty Asset Management LLC’s holdings in Ford Motor were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in F. South Plains Financial Inc. acquired a new stake in shares of Ford Motor during the 4th quarter worth about $79,000. Gallagher Fiduciary Advisors LLC lifted its position in Ford Motor by 25.3% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 100,642 shares of the auto manufacturer’s stock worth $996,000 after acquiring an additional 20,344 shares during the last quarter. Aspire Growth Partners LLC acquired a new stake in Ford Motor during the fourth quarter worth approximately $553,000. Anderson Financial Strategies LLC bought a new stake in shares of Ford Motor during the fourth quarter worth approximately $1,227,000. Finally, Aptus Capital Advisors LLC grew its position in shares of Ford Motor by 11.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 44,607 shares of the auto manufacturer’s stock valued at $442,000 after purchasing an additional 4,517 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays upped their price objective on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. UBS Group increased their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. The Goldman Sachs Group raised their target price on shares of Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada boosted their price target on Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $10.53.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $11.80 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The company has a market cap of $46.94 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 3.35 and a beta of 1.48. The company has a 50 day moving average of $11.36 and a 200-day moving average of $10.43. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $11.99.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business had revenue of $50.18 billion for the quarter, compared to analysts’ expectations of $42.91 billion. During the same period last year, the firm posted $0.47 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.1%. Ford Motor’s payout ratio is 76.92%.

Insider Buying and Selling at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the sale, the insider directly owned 113,939 shares of the company’s stock, valued at $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.48% of the stock is currently owned by corporate insiders.

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.