Acorn Wealth Advisors LLC Sells 8,152 Shares of Ford Motor Company (NYSE:F)
by Doug Wharley · The Cerbat GemAcorn Wealth Advisors LLC lowered its holdings in shares of Ford Motor Company (NYSE:F – Free Report) by 21.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 30,673 shares of the auto manufacturer’s stock after selling 8,152 shares during the period. Acorn Wealth Advisors LLC’s holdings in Ford Motor were worth $308,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Ford Motor by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after buying an additional 57,182,803 shares during the last quarter. Geode Capital Management LLC grew its holdings in Ford Motor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock worth $830,662,000 after purchasing an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ford Motor by 11.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer’s stock worth $460,444,000 after purchasing an additional 4,925,993 shares during the period. Norges Bank acquired a new stake in Ford Motor in the fourth quarter worth $387,282,000. Finally, Northern Trust Corp grew its holdings in Ford Motor by 11.0% in the fourth quarter. Northern Trust Corp now owns 37,314,829 shares of the auto manufacturer’s stock worth $369,417,000 after purchasing an additional 3,699,857 shares during the period. Institutional investors own 58.74% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Ford Motor from an “underperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Wall Street Zen cut shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Saturday. Citigroup lifted their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Finally, UBS Group reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.03.
View Our Latest Stock Analysis on F
Ford Motor Trading Down 1.2%
Shares of F opened at $11.77 on Friday. The firm has a market cap of $46.80 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 1.01 and a beta of 1.49. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The firm has a 50 day moving average price of $10.69 and a 200-day moving average price of $10.07.
Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. The firm had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. As a group, equities research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.
Ford Motor Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.10%. Ford Motor’s dividend payout ratio is currently 48.00%.
Insider Buying and Selling
In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the transaction, the insider directly owned 113,939 shares in the company, valued at approximately $1,253,329. This represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by corporate insiders.
Ford Motor Profile
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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