DAVENPORT & Co LLC Has $1.42 Million Holdings in Ford Motor (NYSE:F)

Posted by on Apr 2nd, 2023

DAVENPORT & Co LLC cut its stake in shares of Ford Motor (NYSE:F – Get Rating) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,229 shares of the auto manufacturer’s stock after selling 122,023 shares during the period. DAVENPORT & Co LLC’s holdings in Ford Motor were worth $1,422,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. RB Capital Management LLC increased its holdings in Ford Motor by 14.6% in the first quarter. RB Capital Management LLC now owns 27,339 shares of the auto manufacturer’s stock valued at $462,000 after purchasing an additional 3,477 shares during the period. Fairfield Bush & CO. acquired a new stake in Ford Motor in the first quarter valued at $37,000. Synovus Financial Corp increased its holdings in Ford Motor by 275.4% in the first quarter. Synovus Financial Corp now owns 111,481 shares of the auto manufacturer’s stock valued at $1,886,000 after purchasing an additional 81,783 shares during the period. Blair William & Co. IL increased its holdings in Ford Motor by 17.3% in the first quarter. Blair William & Co. IL now owns 325,778 shares of the auto manufacturer’s stock valued at $5,509,000 after purchasing an additional 47,959 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in Ford Motor by 3.0% in the first quarter. Canada Pension Plan Investment Board now owns 564,002 shares of the auto manufacturer’s stock valued at $9,537,000 after purchasing an additional 16,498 shares during the period. 49.68% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Up 2.5 %

NYSE:F opened at $12.60 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.06 and a current ratio of 1.20. The firm has a market cap of $50.23 billion, a price-to-earnings ratio of -24.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.53. Ford Motor has a 52 week low of $10.61 and a 52 week high of $17.80. The firm has a 50-day moving average price of $12.52 and a two-hundred day moving average price of $12.71.

Ford Motor (NYSE:F – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The auto manufacturer reported $0.51 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.09). The firm had revenue of $41.80 billion during 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%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. On average, equities analysts expect that Ford Motor will post 1.5 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Monday, February 13th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 10th. This represents a $0.60 annualized dividend and a dividend yield of 4.76%. Ford Motor’s payout ratio is currently -117.65%.

Insider Transactions at Ford Motor

In other 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 transaction of $323,298.50. Following the completion of the sale, the insider now owns 511,605 shares in the company, valued at approximately $6,655,981.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 completion of the transaction, the insider now directly owns 511,605 shares of the company’s stock, valued at approximately $6,655,981.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James D. Farley, Jr. sold 79,921 shares of the firm’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 transaction of $1,027,784.06. Following the completion of the transaction, the chief executive officer now directly 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. Insiders sold a total of 134,592 shares of company stock worth $1,740,843 in the last quarter. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Tudor Pickering downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Wednesday, February 15th. 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 research report on Wednesday, January 25th. Citigroup cut their price target on shares of Ford Motor from $14.00 to $12.50 and set a “neutral” rating on the stock in a research report on Monday, March 27th. Tudor, Pickering, Holt & Co. cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Finally, Deutsche Bank Aktiengesellschaft cut 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 research report on Friday, February 3rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average target price of $15.22.

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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