Valley National Advisers Inc. Lowers Stock Holdings in Ford Motor (NYSE:F)

Valley National Advisers Inc. trimmed its position in shares of Ford Motor (NYSE:F) by 16.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 39,476 shares of the auto manufacturer’s stock after selling 7,816 shares during the quarter. Valley National Advisers Inc.’s holdings in Ford Motor were worth $524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in F. Norges Bank purchased a new position in shares of Ford Motor during the fourth quarter valued at approximately $475,899,000. Coatue Management LLC purchased a new stake in Ford Motor during the 4th quarter valued at $149,152,000. Newport Trust Company LLC raised its stake in Ford Motor by 4.5% during the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after buying an additional 6,667,808 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after buying an additional 3,522,965 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Ford Motor by 1,084.8% in the 4th quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock worth $32,876,000 after buying an additional 2,469,344 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Insider Activity at Ford Motor

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the sale, the director now directly owns 168,601 shares in the company, valued at approximately $2,038,386.09. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.40% of the company’s stock.

Ford Motor Price Performance

Shares of F stock opened at $12.87 on Thursday. Ford Motor has a one year low of $9.63 and a one year high of $15.42. 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 company’s 50-day simple moving average is $12.20 and its two-hundred day simple moving average is $12.25. The company has a market capitalization of $51.38 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.83 and a beta of 1.62.

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

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.66%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Analyst Upgrades and Downgrades

F has been the subject of several research reports. Citigroup upped their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. UBS Group upped their price objective on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Barclays lifted 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 Thursday, April 11th. Piper Sandler started coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. Finally, Royal Bank of Canada upped 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.89.

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.