New Age Alpha Advisors LLC Lowers Position in Ford Motor Company $F

New Age Alpha Advisors LLC cut its holdings in Ford Motor Company (NYSE:F) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 251,117 shares of the auto manufacturer’s stock after selling 68,557 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Ford Motor were worth $3,295,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake in Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,000 shares during the period. Olistico Wealth LLC bought a new position in Ford Motor in the fourth quarter worth about $26,000. Murphy Middleton Hinkle & Parker Inc. bought a new position in Ford Motor in the fourth quarter worth about $29,000. Johnson Financial Group Inc. raised its holdings in Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Ford Motor in the third quarter worth about $32,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

F opened at $14.93 on Tuesday. Ford Motor Company has a 52-week low of $9.88 and a 52-week high of $14.95. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The company has a market cap of $59.47 billion, a P/E ratio of -9.63, a price-to-earnings-growth ratio of 0.33 and a beta of 1.65. The firm’s 50-day moving average price is $12.35 and its 200-day moving average price is $13.04.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that Ford Motor Company will post 1.6 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.0%. Ford Motor’s dividend payout ratio is -38.71%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on F. UBS Group reduced their target price on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a report on Friday, May 15th. Citigroup reduced their target price on shares of Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.56.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.