Fernwood Investment Management LLC Decreases Stock Holdings in Ford Motor (NYSE:F)

Fernwood Investment Management LLC lessened its holdings in Ford Motor (NYSE:F) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,009 shares of the auto manufacturer’s stock after selling 2,576 shares during the period. Fernwood Investment Management LLC’s holdings in Ford Motor were worth $122,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of F. Investment House LLC raised its holdings in Ford Motor by 24.5% during the 4th quarter. Investment House LLC now owns 15,000 shares of the auto manufacturer’s stock valued at $183,000 after buying an additional 2,950 shares during the period. Choreo LLC raised its stake in shares of Ford Motor by 6.3% in the fourth quarter. Choreo LLC now owns 32,397 shares of the auto manufacturer’s stock valued at $395,000 after acquiring an additional 1,908 shares during the period. Gilbert & Cook Inc. lifted its holdings in shares of Ford Motor by 4.1% in the 4th quarter. Gilbert & Cook Inc. now owns 46,670 shares of the auto manufacturer’s stock worth $569,000 after acquiring an additional 1,836 shares during the last quarter. Bridgewealth Advisory Group LLC purchased a new position in shares of Ford Motor during the 4th quarter worth about $137,000. Finally, Eagle Wealth Strategies LLC bought a new position in Ford Motor during the 4th quarter valued at about $167,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Transactions at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank of Canada lifted their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target for the company. Redburn Atlantic initiated coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target on the stock. UBS Group raised their price objective on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Citigroup upped their target price on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.02.

Ford Motor Trading Down 3.5 %

NYSE:F traded down $0.45 during trading hours on Tuesday, hitting $12.30. The company had a trading volume of 17,765,113 shares, compared to its average volume of 53,813,539. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The company has a market cap of $48.88 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.86 and a beta of 1.63. The company has a 50-day moving average of $12.63 and a 200 day moving average of $11.79. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.07. The business 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%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. Sell-side analysts expect that Ford Motor will post 1.94 earnings per share for the current 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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

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.