Spire Wealth Management Boosts Stock Holdings in Ford Motor (NYSE:F)

Posted by Defense World Staff on Apr 24th, 2023

Ford Motor logo Spire Wealth Management raised its holdings in shares of Ford Motor (NYSE:F – Get Rating) by 32.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,084 shares of the auto manufacturer’s stock after buying an additional 9,631 shares during the period. Spire Wealth Management’s holdings in Ford Motor were worth $455,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in F. Baldwin Brothers LLC MA bought a new position in shares of Ford Motor during the fourth quarter valued at about $26,000. MADDEN SECURITIES Corp bought a new position in shares of Ford Motor during the fourth quarter valued at about $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 during the last quarter. 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 during the last quarter. Finally, Hallmark Capital Management Inc. raised its stake in shares of Ford Motor by 1,120.0% during the fourth quarter. Hallmark Capital Management Inc. now owns 3,050 shares of the auto manufacturer’s stock valued at $35,000 after acquiring an additional 2,800 shares during the last quarter. 49.68% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

NYSE:F opened at $11.81 on Monday. The company’s 50 day moving average price is $12.29 and its 200-day moving average price is $12.67. Ford Motor has a 52 week low of $10.61 and a 52 week high of $16.68. 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 (NYSE:F – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The auto manufacturer reported $0.51 EPS 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 firm had revenue of $41.80 billion for the quarter, compared to analysts’ expectations of $40.73 billion. During the same quarter in the previous year, the company earned $0.26 EPS. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, sell-side analysts predict 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 will be paid on Thursday, June 15th. Stockholders of record on Wednesday, April 26th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Tuesday, April 25th. Ford Motor’s payout ratio is -117.65%.

Insider Activity

In related news, CFO John T. Lawler sold 29,821 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $13.07, for a total value of $389,760.47. Following the sale, the chief financial officer now owns 443,683 shares in the company, valued at $5,798,936.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ford Motor news, CEO James D. Farley, Jr. sold 79,921 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were 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 directly owns 1,638,667 shares in the company, valued at $21,073,257.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John T. Lawler sold 29,821 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $13.07, for a total transaction of $389,760.47. Following the completion of the transaction, the chief financial officer now owns 443,683 shares in the company, valued at $5,798,936.81. The disclosure for this sale can be found here. Insiders have sold a total of 134,592 shares of company stock worth $1,740,843 over the last 90 days. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Citigroup lowered 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, March 27th. Benchmark decreased their price target 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. Deutsche Bank Aktiengesellschaft downgraded shares of Ford Motor from a “hold” rating to a “sell” rating and decreased their price target for the stock from $13.00 to $11.00 in a research note on Friday, February 3rd. Morgan Stanley decreased their price target 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, StockNews.com initiated coverage on shares of Ford Motor in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.22.

About Ford Motor

(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.