Kovack Advisors Inc. Sells 2,776 Shares of Ford Motor (NYSE:F)

Kovack Advisors Inc. decreased its position in shares of Ford Motor (NYSE:F) by 7.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,957 shares of the auto manufacturer’s stock after selling 2,776 shares during the quarter. Kovack Advisors Inc.’s holdings in Ford Motor were worth $491,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Financial Synergies Wealth Advisors Inc. grew its holdings in Ford Motor by 1,997.9% during the 1st 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. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of 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 valued at $25,000 after purchasing an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC increased its holdings 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 valued at $26,000 after buying an additional 1,086 shares during the period. Voisard Asset Management Group Inc. bought a new position in Ford Motor in the fourth quarter worth approximately $27,000. Finally, Bruce G. Allen Investments LLC raised its stake in Ford Motor by 71.4% in the first quarter. Bruce G. Allen Investments LLC now owns 2,395 shares of the auto manufacturer’s stock worth $32,000 after buying an additional 998 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on F. Piper Sandler began coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. Royal Bank of Canada lifted their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Sanford C. Bernstein started coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target for the company. Barclays lifted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Citigroup increased their target price on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.89.

Insider Buying and Selling

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the transaction, the director now directly owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by corporate insiders.

Ford Motor Price Performance

F remained flat at $12.87 during trading on Thursday. 26,894,317 shares of the company’s stock were exchanged, compared to its average volume of 44,559,224. 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. The stock has a 50-day moving average of $12.20 and a two-hundred day moving average of $12.25. The stock has a market capitalization of $51.38 billion, a PE ratio of 13.27, a P/E/G ratio of 0.83 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts forecast that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.66%. Ford Motor’s payout ratio 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.