IAG Wealth Partners LLC Has $28,000 Stock Position in Ford Motor (NYSE:F)

IAG Wealth Partners LLC lowered its stake in Ford Motor (NYSE:F) by 53.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,336 shares of the auto manufacturer’s stock after selling 2,720 shares during the quarter. IAG Wealth Partners LLC’s holdings in Ford Motor were worth $28,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,839 shares during the period. Milestone Investment Advisors LLC bought a new stake in shares of Ford Motor during the third quarter worth approximately $27,000. Peoples Bank KS bought a new stake in shares of Ford Motor during the third quarter worth approximately $29,000. Provence Wealth Management Group bought a new stake in shares of Ford Motor during the third quarter worth approximately $31,000. Finally, Headinvest LLC bought a new stake in shares of Ford Motor during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on F shares. Citigroup boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada boosted their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday. Barclays boosted their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler assumed coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target for the company. Finally, UBS Group boosted their price target on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday. One investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.02.

Insider Transactions at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Ford Motor Price Performance

F traded down $0.25 during trading on Friday, hitting $12.79. 57,257,796 shares of the stock traded hands, compared to its average volume of 50,407,576. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42. The company has a market cap of $50.82 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.01 and a beta of 1.63. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 1.04. The business has a 50 day moving average price of $12.62 and a 200 day moving average price of $11.79.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. Equities research analysts forecast that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.69%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Ford Motor Company 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.