Foundations Investment Advisors LLC Lowers Stake in Ford Motor (NYSE:F)

Posted by Defense World Staff on Mar 20th, 2023

Ford Motor logo Foundations Investment Advisors LLC reduced its position in shares of Ford Motor (NYSE:F – Get Rating) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,292 shares of the auto manufacturer’s stock after selling 2,371 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Ford Motor were worth $748,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of F. Wagner Wealth Management LLC acquired a new position in shares of Ford Motor during the 2nd quarter worth approximately $25,000. MADDEN SECURITIES Corp acquired a new position in shares of Ford Motor during the 4th quarter worth approximately $30,000. Zions Bancorporation N.A. increased its stake in Ford Motor by 65.8% during the 3rd quarter. Zions Bancorporation N.A. now owns 2,836 shares of the auto manufacturer’s stock worth $32,000 after buying an additional 1,126 shares in the last quarter. Laurel Wealth Advisors LLC raised its holdings 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 during the last quarter. Finally, Neo Ivy Capital Management raised its holdings 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 during the last quarter. 49.68% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

NYSE F opened at $11.30 on Monday. The stock has a market cap of $45.04 billion, a PE ratio of -22.16, a P/E/G ratio of 1.51 and a beta of 1.53. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 2.06. Ford Motor has a twelve month low of $10.61 and a twelve month high of $17.80. The stock has a fifty day simple moving average of $12.72 and a 200-day simple moving average of $12.94.

Ford Motor (NYSE:F – Get Rating) last announced its quarterly earnings results 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). Ford Motor had a negative net margin of 1.25% and a positive return on equity of 17.45%. The company had revenue of $41.80 billion for the quarter, compared to analyst estimates of $40.73 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. Ford Motor’s revenue was up 18.4% on a year-over-year basis. Equities analysts anticipate that Ford Motor will post 1.51 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Monday, February 13th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend was Friday, February 10th. Ford Motor’s dividend payout ratio (DPR) is -117.65%.

Analyst Ratings Changes

Several analysts recently commented on F shares. Tudor, Pickering, Holt & Co. cut Ford Motor from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Deutsche Bank Aktiengesellschaft cut Ford Motor from a “hold” rating to a “sell” rating and dropped their price target for the stock from $13.00 to $11.00 in a research report on Friday, February 3rd. Citigroup raised their price target 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. Morgan Stanley dropped their price objective 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. Finally, Barclays started coverage on shares of Ford Motor in a research note on Tuesday, February 14th. They set an “equal weight” rating and a $13.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $15.34.

Insiders Place Their Bets

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 stock was sold at an average price of $13.01, for a total transaction of $323,298.50. Following the transaction, the insider now directly owns 511,605 shares in the company, valued at $6,655,981.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO John T. Lawler sold 29,821 shares of the stock in a transaction 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 directly owns 443,683 shares in the company, valued at $5,798,936.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashwani Kumar Galhotra sold 24,850 shares of the 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 completion of the sale, the insider now owns 511,605 shares in the company, valued at $6,655,981.05. The disclosure for this sale can be found here. Insiders have sold 134,592 shares of company stock worth $1,740,843 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Ford Motor Company 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.