SeaCrest Wealth Management LLC Has $801,000 Stock Position in Ford Motor (NYSE:F)

SeaCrest Wealth Management LLC lowered its stake in Ford Motor (NYSE:F) by 20.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 60,317 shares of the auto manufacturer’s stock after selling 15,311 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Ford Motor were worth $801,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in F. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Ford Motor by 29.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock worth $44,000 after purchasing an additional 828 shares during the period. First United Bank & Trust boosted its holdings in Ford Motor by 5.4% during the fourth quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock valued at $201,000 after purchasing an additional 850 shares in the last quarter. Lee Financial Co boosted its holdings in Ford Motor by 3.6% during the fourth quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock valued at $303,000 after purchasing an additional 854 shares in the last quarter. Welch Group LLC boosted its holdings in Ford Motor by 5.3% during the first quarter. Welch Group LLC now owns 17,754 shares of the auto manufacturer’s stock valued at $236,000 after purchasing an additional 897 shares in the last quarter. Finally, Bigelow Investment Advisors LLC boosted its holdings in Ford Motor by 4.9% during the fourth quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer’s stock valued at $236,000 after purchasing an additional 908 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on F shares. Royal Bank of Canada boosted their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Piper Sandler assumed coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price for the company. UBS Group upped their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Sanford C. Bernstein started coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Citigroup increased their target price on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.89.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $12.87 on Thursday. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The firm has a market capitalization of $51.38 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.81 and a beta of 1.62. The company’s 50 day moving average price is $12.20 and its two-hundred day moving average price is $12.25.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share 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 firm had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. During the same quarter last year, the business posted $0.63 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Ford Motor will post 2.02 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.15 per share. 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 dividend payout ratio (DPR) is presently 61.86%.

Insider Transactions at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor stock in a transaction on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the transaction, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is owned by company insiders.

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.