Sigma Investment Counselors Inc. Cuts Stock Holdings in Ford Motor (NYSE:F)

Sigma Investment Counselors Inc. lowered its stake in shares of Ford Motor (NYSE:FFree Report) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,941 shares of the auto manufacturer’s stock after selling 5,149 shares during the period. Sigma Investment Counselors Inc.’s holdings in Ford Motor were worth $182,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of F. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Ford Motor by 835.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,839 shares during the period. Milestone Investment Advisors LLC purchased a new position in shares of Ford Motor in the 3rd quarter valued at $27,000. Quarry LP purchased a new position in shares of Ford Motor in the 2nd quarter valued at $28,000. Peoples Bank KS purchased a new position in shares of Ford Motor in the 3rd quarter valued at $29,000. Finally, Fairfield Bush & CO. purchased a new position in shares of Ford Motor in the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on F. Piper Sandler began coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price on the stock. HSBC began coverage on shares of Ford Motor in a report on Monday, December 4th. They set a “hold” rating and a $11.30 price target for the company. Morgan Stanley raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Citigroup raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Redburn Atlantic began coverage on shares of Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.75.

Read Our Latest Stock Analysis on Ford Motor

Ford Motor Stock Performance

NYSE:F traded down $0.03 during mid-day trading on Tuesday, hitting $13.26. The stock had a trading volume of 19,333,671 shares, compared to its average volume of 53,801,086. The stock has a market capitalization of $52.69 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 1.06 and a beta of 1.63. The company has a 50 day simple moving average of $12.28 and a 200-day simple moving average of $11.70. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33.

Ford Motor (NYSE:FGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The firm had revenue of $43.21 billion for the quarter, compared to the consensus estimate of $43.06 billion. During the same period last year, the firm posted $0.51 EPS. Ford Motor’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts expect that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s dividend payout ratio (DPR) is 55.56%.

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Ford Motor Company Profile

(Free Report)

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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