Strategic Financial Concepts LLC Sells 7,536 Shares of Ford Motor (NYSE:F)

Strategic Financial Concepts LLC lowered its stake in Ford Motor (NYSE:F) by 30.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,227 shares of the auto manufacturer’s stock after selling 7,536 shares during the period. Strategic Financial Concepts LLC’s holdings in Ford Motor were worth $210,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of F. RB Capital Management LLC grew its position in Ford Motor by 14.6% in the first quarter. RB Capital Management LLC now owns 27,339 shares of the auto manufacturer’s stock valued at $462,000 after acquiring an additional 3,477 shares during the last quarter. Fairfield Bush & CO. bought a new position in Ford Motor in the first quarter valued at about $37,000. Synovus Financial Corp boosted its stake in shares of Ford Motor by 275.4% during the first quarter. Synovus Financial Corp now owns 111,481 shares of the auto manufacturer’s stock valued at $1,886,000 after purchasing an additional 81,783 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Ford Motor by 17.3% during the first quarter. Blair William & Co. IL now owns 325,778 shares of the auto manufacturer’s stock valued at $5,509,000 after purchasing an additional 47,959 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Ford Motor by 3.0% during the first quarter. Canada Pension Plan Investment Board now owns 564,002 shares of the auto manufacturer’s stock valued at $9,537,000 after purchasing an additional 16,498 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on F shares. Barclays lifted their price objective on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Citigroup lifted 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. HSBC started coverage on Ford Motor in a research note on Monday, December 4th. They issued a “hold” rating and a $11.30 price objective on the stock. BNP Paribas lowered Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a research note on Wednesday, December 13th. Finally, Piper Sandler assumed coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $13.75.

Ford Motor Stock Performance

NYSE:F traded up $0.22 during trading on Friday, reaching $13.28. The company’s stock had a trading volume of 61,846,366 shares, compared to its average volume of 50,385,792. The firm has a market cap of $52.77 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.04 and a beta of 1.63. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. The firm has a 50 day moving average of $12.24 and a 200-day moving average of $11.71. 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 quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The firm had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $43.06 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts expect that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s payout ratio is 55.56%.

Insider Transactions at Ford Motor

In other Ford Motor 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 value of $337,031.94. Following the completion of the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.80% of the stock is owned by corporate insiders.

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.