Hexagon Capital Partners LLC Decreases Stock Holdings in Ford Motor (NYSE:F)

Hexagon Capital Partners LLC lowered its holdings in shares of Ford Motor (NYSE:F) by 27.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,071 shares of the auto manufacturer’s stock after selling 8,695 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Ford Motor were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,839 shares during the period. Milestone Investment Advisors LLC purchased a new stake in Ford Motor during the 3rd quarter valued at $27,000. Peoples Bank KS purchased a new stake in Ford Motor during the 3rd quarter valued at $29,000. Provence Wealth Management Group purchased a new stake in Ford Motor in the third quarter worth $31,000. Finally, Headinvest LLC purchased a new stake in Ford Motor in the third quarter worth $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on F. UBS Group raised their price target on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Royal Bank of Canada raised their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Citigroup raised their price objective on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Redburn Atlantic started coverage on Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target for the company. Finally, Morgan Stanley lifted their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.02.

Ford Motor Price Performance

Shares of NYSE:F traded up $0.16 during trading on Wednesday, reaching $12.31. The stock had a trading volume of 11,912,613 shares, compared to its average volume of 54,015,609. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The business has a fifty day moving average price of $12.63 and a 200-day moving average price of $11.79. The stock has a market cap of $48.92 billion, a PE ratio of 12.53, a PEG ratio of 0.86 and a beta of 1.63. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. On average, equities analysts forecast that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company 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 4.87%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Insider Transactions at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, 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 SEC, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Ford Motor 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.