Etesian Wealth Advisors Inc. Sells 1,114 Shares of Ford Motor (NYSE:F)

Etesian Wealth Advisors Inc. reduced its position in Ford Motor (NYSE:F) by 2.5% during the first quarter, HoldingsChannel reports. The firm owned 44,231 shares of the auto manufacturer’s stock after selling 1,114 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Ford Motor were worth $587,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its stake in Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC boosted its stake in Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,086 shares in the last quarter. Voisard Asset Management Group Inc. bought a new position in Ford Motor during the fourth quarter worth $27,000. Financial Synergies Wealth Advisors Inc. boosted its stake in Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,938 shares in the last quarter. Finally, Headinvest LLC bought a new position in Ford Motor during the third quarter worth $31,000. 58.74% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by corporate insiders.

Ford Motor Stock Down 0.6 %

Shares of F stock traded down $0.07 on Wednesday, hitting $12.02. The stock had a trading volume of 24,007,721 shares, compared to its average volume of 50,963,344. The business has a 50 day moving average of $12.19 and a 200 day moving average of $12.22. The stock has a market cap of $47.99 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm’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 earnings per share. As a group, analysts expect that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.99%. Ford Motor’s dividend payout ratio is currently 61.86%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on F. Citigroup increased their target price on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price on the stock. UBS Group upped their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Barclays upped their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Piper Sandler assumed coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.89.

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.