Ford Motor (NYSE:F) Shares Sold by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC decreased its position in shares of Ford Motor (NYSE:F) by 20.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,827 shares of the auto manufacturer’s stock after selling 5,191 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Ford Motor were worth $254,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in F. New York Life Investment Management LLC increased its stake in shares of Ford Motor by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 578,899 shares of the auto manufacturer’s stock valued at $7,057,000 after purchasing an additional 3,884 shares in the last quarter. Oder Investment Management LLC acquired a new position in shares of Ford Motor during the 4th quarter worth approximately $521,000. Brighton Jones LLC lifted its position in shares of Ford Motor by 26.2% during the 4th quarter. Brighton Jones LLC now owns 26,197 shares of the auto manufacturer’s stock valued at $319,000 after buying an additional 5,441 shares in the last quarter. Steele Capital Management Inc. acquired a new stake in Ford Motor in the 4th quarter valued at $242,000. Finally, Investment House LLC increased its holdings in Ford Motor by 24.5% in the 4th quarter. Investment House LLC now owns 15,000 shares of the auto manufacturer’s stock worth $183,000 after acquiring an additional 2,950 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on F. Morgan Stanley increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Barclays lifted their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Royal Bank of Canada increased their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Citigroup raised their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Redburn Atlantic began 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.74.

Ford Motor Trading Down 0.6 %

Shares of F opened at $12.42 on Friday. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The firm has a market capitalization of $49.35 billion, a P/E ratio of 12.80, a P/E/G ratio of 0.84 and a beta of 1.61. The firm has a 50-day moving average price of $12.63 and a 200 day moving average price of $11.80. 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 forecast that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.83%. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.80% 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.