Alps Advisors Inc. Sells 152,535 Shares of Ford Motor Company $F

Alps Advisors Inc. lessened its stake in Ford Motor Company (NYSE:F) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,100,453 shares of the auto manufacturer’s stock after selling 152,535 shares during the period. Alps Advisors Inc.’s holdings in Ford Motor were worth $25,121,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in shares of Ford Motor by 7.4% during the second quarter. Swiss National Bank now owns 11,822,986 shares of the auto manufacturer’s stock worth $128,279,000 after acquiring an additional 813,800 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Ford Motor by 7.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,476,340 shares of the auto manufacturer’s stock valued at $81,118,000 after purchasing an additional 510,473 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in Ford Motor by 3.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,055,356 shares of the auto manufacturer’s stock worth $98,251,000 after purchasing an additional 279,470 shares in the last quarter. Aviva PLC increased its holdings in Ford Motor by 1,280.3% during the 2nd quarter. Aviva PLC now owns 2,919,334 shares of the auto manufacturer’s stock worth $31,675,000 after purchasing an additional 2,707,834 shares during the period. Finally, National Pension Service increased its holdings in Ford Motor by 6.7% during the 3rd quarter. National Pension Service now owns 8,099,060 shares of the auto manufacturer’s stock worth $96,865,000 after purchasing an additional 510,426 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Trading Up 0.7%

Ford Motor stock opened at $13.81 on Friday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The stock has a market cap of $55.03 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 5.83 and a beta of 1.66. The stock has a 50-day moving average of $13.55 and a two-hundred day moving average of $12.58. Ford Motor Company has a one year low of $8.44 and a one year high of $14.50.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, February 13th. Ford Motor’s dividend payout ratio (DPR) is presently 51.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on F shares. Wells Fargo & Company raised their price target on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Wall Street Zen upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, December 22nd. Finally, Piper Sandler upgraded shares of Ford Motor from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $11.00 to $16.00 in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.02.

About Ford Motor

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.