Acropolis Investment Management LLC Cuts Holdings in Ford Motor (NYSE:F)

Posted by Defense World Staff on Mar 20th, 2023

Ford Motor logo Acropolis Investment Management LLC decreased its position in shares of Ford Motor (NYSE:F – Get Rating) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,924 shares of the auto manufacturer’s stock after selling 1,117 shares during the period. Acropolis Investment Management LLC’s holdings in Ford Motor were worth $139,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Wagner Wealth Management LLC purchased a new position in shares of Ford Motor during the second quarter valued at approximately $25,000. MADDEN SECURITIES Corp bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $30,000. Zions Bancorporation N.A. raised its stake in shares of Ford Motor by 65.8% during the third quarter. Zions Bancorporation N.A. now owns 2,836 shares of the auto manufacturer’s stock valued at $32,000 after acquiring an additional 1,126 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake in shares of Ford Motor by 107.6% during the second quarter. Laurel Wealth Advisors LLC now owns 3,020 shares of the auto manufacturer’s stock valued at $34,000 after acquiring an additional 1,565 shares in the last quarter. Finally, Neo Ivy Capital Management raised its stake in shares of Ford Motor by 82.7% during the second quarter. Neo Ivy Capital Management now owns 3,065 shares of the auto manufacturer’s stock valued at $34,000 after acquiring an additional 1,387 shares in the last quarter. Hedge funds and other institutional investors own 49.68% of the company’s stock.

Insider Activity

In other Ford Motor news, insider Ashwani Kumar Galhotra sold 24,850 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $13.01, for a total value of $323,298.50. Following the sale, the insider now directly owns 511,605 shares of the company’s stock, valued at $6,655,981.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO James D. Farley, Jr. sold 79,921 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,638,667 shares in the company, valued at approximately $21,073,257.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ashwani Kumar Galhotra sold 24,850 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $13.01, for a total transaction of $323,298.50. Following the transaction, the insider now owns 511,605 shares of the company’s stock, valued at approximately $6,655,981.05. The disclosure for this sale can be found here. Insiders have sold 134,592 shares of company stock valued at $1,740,843 over the last ninety days. 0.90% of the stock is currently owned by insiders.

Ford Motor Stock Down 4.4 %

Shares of F opened at $11.30 on Monday. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.20 and a quick ratio of 1.06. Ford Motor has a 1-year low of $10.61 and a 1-year high of $17.80. The company’s fifty day moving average price is $12.72 and its 200-day moving average price is $12.94.

Ford Motor (NYSE:F – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The auto manufacturer reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.09). The company had revenue of $41.80 billion for the quarter, compared to analysts’ expectations of $40.73 billion. Ford Motor had a negative net margin of 1.25% and a positive return on equity of 17.45%. Ford Motor’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. Sell-side analysts anticipate that Ford Motor will post 1.51 EPS for the current year.

Ford Motor Dividend Announcement

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 5.31%. The ex-dividend date was Friday, February 10th. Ford Motor’s dividend payout ratio (DPR) is presently -117.65%.

Analyst Ratings Changes

Several analysts have recently weighed in on F shares. StockNews.com started coverage on shares of Ford Motor in a research note on Thursday. They set a “hold” rating for the company. JPMorgan Chase & Co. decreased their price target on shares of Ford Motor from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, January 25th. Citigroup boosted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 30th. Tudor, Pickering, Holt & Co. downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th. Finally, Barclays started coverage on shares of Ford Motor in a research note on Tuesday, February 14th. They issued an “equal weight” rating and a $13.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.34.

About Ford Motor

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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.