Intrua Financial LLC Sells 4,649 Shares of Ford Motor (NYSE:F)

Posted by Defense World Staff on Mar 31st, 2023

Ford Motor logo Intrua Financial LLC cut its stake in Ford Motor (NYSE:F – Get Rating) by 23.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,919 shares of the auto manufacturer’s stock after selling 4,649 shares during the quarter. Intrua Financial LLC’s holdings in Ford Motor were worth $182,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in F. Fairfield Bush & CO. purchased a new position in Ford Motor during the 1st quarter valued at about $37,000. MADDEN SECURITIES Corp purchased a new position in Ford Motor during the 4th quarter valued at about $30,000. Zions Bancorporation N.A. lifted its position 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 valued at $32,000 after acquiring an additional 1,126 shares during the period. Neo Ivy Capital Management lifted its position in Ford Motor by 82.7% during the 2nd 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 period. Finally, WASHINGTON TRUST Co lifted its position in Ford Motor by 695.8% during the 3rd quarter. WASHINGTON TRUST Co now owns 3,183 shares of the auto manufacturer’s stock valued at $36,000 after acquiring an additional 2,783 shares during the period. 49.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Ashwani Kumar Galhotra sold 24,850 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 511,605 shares of the company’s stock, valued at $6,655,981.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ford Motor news, CFO John T. Lawler sold 29,821 shares of Ford Motor stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $13.07, for a total transaction of $389,760.47. Following the transaction, the chief financial officer now owns 443,683 shares of the company’s stock, valued at $5,798,936.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashwani Kumar Galhotra sold 24,850 shares of Ford Motor stock in a transaction that occurred on Friday, March 3rd. The shares were 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 approximately $6,655,981.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,592 shares of company stock valued at $1,740,843. 0.71% of the stock is owned by insiders.

Ford Motor Stock Performance

Shares of F stock opened at $12.29 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 firm has a market capitalization of $48.99 billion, a PE ratio of -24.10, a P/E/G ratio of 1.48 and a beta of 1.53. The company has a 50 day moving average price of $12.52 and a 200-day moving average price of $12.74. Ford Motor has a 52 week low of $10.61 and a 52 week high of $17.80.

Ford Motor (NYSE:F – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The auto manufacturer reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.09). The business had revenue of $41.80 billion during the quarter, compared to analysts’ expectations of $40.73 billion. Ford Motor had a positive return on equity of 17.45% and a negative net margin of 1.25%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. As a group, equities research analysts expect that Ford Motor will post 1.5 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Monday, February 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Friday, February 10th. Ford Motor’s payout ratio is -117.65%.

Analyst Ratings Changes

A number of research firms have weighed in on F. Benchmark reduced their price objective 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. Barclays began 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. Morgan Stanley reduced 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. JPMorgan Chase & Co. reduced their price objective 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. Finally, Citigroup reduced their price objective on shares of Ford Motor from $14.00 to $12.50 and set a “neutral” rating for the company in a research note on Monday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus price target of $15.22.

Ford Motor Company Profile

(Get Rating)

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.