Peapack Gladstone Financial Corp Lowers Stock Holdings in Ford Motor Company $F

Peapack Gladstone Financial Corp trimmed its stake in Ford Motor Company (NYSE:F) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,280 shares of the auto manufacturer’s stock after selling 37,867 shares during the period. Peapack Gladstone Financial Corp’s holdings in Ford Motor were worth $2,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Robertson Stephens Wealth Management LLC boosted its position in Ford Motor by 1.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after buying an additional 761 shares during the period. CRA Financial Services LLC boosted its position in Ford Motor by 4.4% in the 4th quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after buying an additional 775 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in shares of Ford Motor by 16.5% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after purchasing an additional 776 shares during the period. Cyndeo Wealth Partners LLC lifted its position in shares of Ford Motor by 7.2% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock worth $153,000 after purchasing an additional 784 shares during the period. Finally, Activest Wealth Management lifted its position in shares of Ford Motor by 35.3% in the 4th quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock worth $40,000 after purchasing an additional 794 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of F opened at $15.75 on Thursday. The company has a 50 day moving average price of $12.99 and a 200-day moving average price of $13.19. Ford Motor Company has a fifty-two week low of $10.03 and a fifty-two week high of $17.78. The stock has a market capitalization of $62.74 billion, a PE ratio of -10.16, a PEG ratio of 0.35 and a beta of 1.79. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. Ford Motor’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts predict that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 3.8%. Ford Motor’s dividend payout ratio is presently -38.71%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on F. Citigroup upped their price target on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday. TD Cowen lowered their price target on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Wells Fargo & Company lowered their price target on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. The Goldman Sachs Group lowered their price target on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.20.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.