Nicholas Hoffman & Company LLC. Sells 2,969 Shares of Ford Motor (NYSE:F)

Nicholas Hoffman & Company LLC. cut its stake in Ford Motor (NYSE:F) by 20.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 11,793 shares of the auto manufacturer’s stock after selling 2,969 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Ford Motor were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC increased its position in Ford Motor by 29.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock valued at $44,000 after purchasing an additional 828 shares during the period. Legacy Wealth Asset Management LLC increased its position in shares of Ford Motor by 1.7% during the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock worth $650,000 after buying an additional 836 shares during the period. First United Bank & Trust increased its position in shares of Ford Motor by 5.4% during the fourth quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock worth $201,000 after buying an additional 850 shares during the period. Lee Financial Co raised its stake in Ford Motor by 3.6% during the fourth quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock worth $303,000 after buying an additional 854 shares during the last quarter. Finally, Welch Group LLC lifted its holdings in Ford Motor by 5.3% in the first quarter. Welch Group LLC now owns 17,754 shares of the auto manufacturer’s stock valued at $236,000 after buying an additional 897 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Buying and Selling

In other news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on F shares. Royal Bank of Canada increased their price target on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Citigroup raised their target price 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 note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. Morgan Stanley increased their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, UBS Group lifted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. 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, the stock presently has an average rating of “Hold” and an average target price of $14.02.

Ford Motor Stock Down 4.7 %

Shares of Ford Motor stock traded down $0.60 on Tuesday, hitting $12.15. The company had a trading volume of 74,742,542 shares, compared to its average volume of 54,544,355. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. 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 stock has a 50 day moving average of $12.63 and a 200-day moving average of $11.79. The stock has a market capitalization of $48.28 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 0.86 and a beta of 1.63.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion during 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%. Ford Motor’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 EPS. As a group, sell-side analysts forecast that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s payout ratio is currently 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.