Ford Motor (NYSE:F) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. trimmed its position in shares of Ford Motor (NYSE:F) by 42.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 23,791 shares of the auto manufacturer’s stock after selling 17,894 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Ford Motor were worth $290,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in F. Whittier Trust Co. of Nevada Inc. raised its holdings 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 purchasing an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC raised its stake in Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 1,086 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new position in shares of Ford Motor during the 4th quarter worth about $27,000. Provence Wealth Management Group purchased a new position in shares of Ford Motor in the 3rd quarter valued at about $31,000. Finally, Headinvest LLC acquired a new stake in shares of Ford Motor during the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank of Canada increased their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Citigroup lifted their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target for the company. Barclays lifted their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.89.

Insider Buying and Selling

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the transaction, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

Ford Motor Price Performance

Ford Motor stock opened at $11.78 on Wednesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The business has a 50 day simple moving average of $12.26 and a 200-day simple moving average of $12.18. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The stock has a market capitalization of $47.03 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.76 and a beta of 1.61.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. Ford Motor’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts predict that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

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.