MONECO Advisors LLC Reduces Stake in Ford Motor (NYSE:F)

MONECO Advisors LLC lowered its stake in Ford Motor (NYSE:F) by 4.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 46,916 shares of the auto manufacturer’s stock after selling 2,295 shares during the period. MONECO Advisors LLC’s holdings in Ford Motor were worth $588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Olistico Wealth LLC purchased a new position in Ford Motor in the second quarter worth about $25,000. Fortis Group Advisors LLC grew its position in Ford Motor by 100.0% in 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. purchased a new position in Ford Motor in the fourth quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. grew its position in Ford Motor by 1,997.9% in 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, Fairman Group LLC purchased a new position in Ford Motor in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barclays dropped their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. UBS Group boosted their target price on 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 assumed coverage on Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price for the company. Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Finally, Citigroup boosted their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.48.

Ford Motor Trading Up 1.1 %

Shares of NYSE F traded up $0.12 during trading hours on Monday, reaching $10.63. The stock had a trading volume of 9,927,989 shares, compared to its average volume of 54,689,680. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The firm has a market cap of $42.44 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 0.75 and a beta of 1.62. The business’s fifty day moving average price is $12.02 and its two-hundred day moving average price is $12.30. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The business had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. Analysts expect that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date is Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Insider Buying and Selling

In related 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 shares were 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 owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by 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.