Ford Motor (NYSE:F) Holdings Reduced by Ergoteles LLC

Posted by on Mar 5th, 2023

Ergoteles LLC decreased its position in Ford Motor (NYSE:F – Get Rating) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,945 shares of the auto manufacturer’s stock after selling 1,601 shares during the period. Ergoteles LLC’s holdings in Ford Motor were worth $291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Snider Financial Group lifted its stake in shares of Ford Motor by 100,345.2% in the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after acquiring an additional 219,586,336 shares during the period. Newport Trust Co lifted its stake in shares of Ford Motor by 1.2% in the 3rd quarter. Newport Trust Co now owns 149,968,792 shares of the auto manufacturer’s stock worth $1,679,650,000 after acquiring an additional 1,745,702 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Ford Motor by 43,624.1% in the 3rd quarter. Fisher Asset Management LLC now owns 44,970,209 shares of the auto manufacturer’s stock worth $503,666,000 after acquiring an additional 44,867,359 shares during the period. Legal & General Group Plc lifted its stake in shares of Ford Motor by 0.5% in the 2nd quarter. Legal & General Group Plc now owns 28,246,288 shares of the auto manufacturer’s stock worth $314,382,000 after acquiring an additional 141,735 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Ford Motor by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 25,384,739 shares of the auto manufacturer’s stock worth $284,413,000 after acquiring an additional 668,984 shares during the period. Institutional investors own 49.68% of the company’s stock.

Insider Activity at Ford Motor

In related news, CEO James D. Farley, Jr. sold 79,921 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $12.86, for a total transaction of $1,027,784.06. Following the completion of the sale, the chief executive officer now directly owns 1,638,667 shares of the company’s stock, valued at approximately $21,073,257.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Ford Motor news, CFO John T. Lawler sold 29,821 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $13.07, for a total value of $389,760.47. Following the sale, the chief financial officer now owns 443,683 shares of the company’s stock, valued at approximately $5,798,936.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James D. Farley, Jr. sold 79,921 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $12.86, for a total value of $1,027,784.06. Following the transaction, the chief executive officer now owns 1,638,667 shares of the company’s stock, valued at $21,073,257.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 134,592 shares of company stock valued at $1,740,843. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays assumed coverage on shares of Ford Motor in a research note on Tuesday, February 14th. They set an “equal weight” rating and a $13.00 target price for the company. Benchmark cut their target price on shares of Ford Motor from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. Morgan Stanley cut their target price on shares of Ford Motor from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, February 6th. Deutsche Bank Aktiengesellschaft lowered shares of Ford Motor from a “hold” rating to a “sell” rating and cut their price target for the company from $13.00 to $11.00 in a report on Friday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Ford Motor from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, January 25th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average target price of $15.53.

Ford Motor Price Performance

NYSE F opened at $13.08 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $52.14 billion, a PE ratio of -25.65, a price-to-earnings-growth ratio of 1.60 and a beta of 1.53. Ford Motor has a 12-month low of $10.61 and a 12-month high of $17.80. The company has a 50 day moving average price of $12.61 and a two-hundred day moving average price of $13.19.

Ford Motor (NYSE:F – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The auto manufacturer reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.09). The business had revenue of $41.80 billion during the quarter, compared to analyst estimates of $40.73 billion. Ford Motor had a negative net margin of 1.25% and a positive return on equity of 17.45%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. As a group, equities analysts predict that Ford Motor will post 1.51 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Monday, February 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Friday, February 10th. Ford Motor’s dividend payout ratio is -117.65%.

Ford Motor Profile

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Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Ford Blue, Ford Model E, and Ford Pro, Ford Next, and Ford Credit. The Ford Blue, Ford Model E, and Ford Pro segment includes the sale of Ford and Lincoln vehicles, service parts, and accessories, together with the associated costs to develop, manufacture, distribute, and service the vehicles, parts, and accessories.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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