Alps Advisors Inc. Sells 277,381 Shares of Ford Motor Company $F

Alps Advisors Inc. cut its stake in shares of Ford Motor Company (NYSE:F) by 13.2% during the 4th quarter, Holdings Channel reports. The fund owned 1,823,072 shares of the auto manufacturer’s stock after selling 277,381 shares during the period. Alps Advisors Inc.’s holdings in Ford Motor were worth $23,919,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of F. Caxton Associates LLP bought a new position in Ford Motor during the first quarter worth $304,000. Empowered Funds LLC raised its holdings in Ford Motor by 41.6% during the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares during the last quarter. Jump Financial LLC acquired a new position in Ford Motor during the second quarter worth $172,000. NewEdge Advisors LLC raised its holdings in Ford Motor by 26.3% during the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock worth $2,907,000 after buying an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Ford Motor by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after buying an additional 26,526 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor News Summary

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Ford’s key aluminum supplier, Novelis, restarted production at its Oswego, New York plant after fire-related shutdowns, which should ease supply constraints and help Ford recover truck output, especially for F-150 production. Novelis restarts production at New York plant key to Ford trucks
• Positive Sentiment: Goldman Sachs raised its price target on Ford to $16 from $13 while keeping a neutral rating, suggesting Wall Street sees some additional upside from current levels. Can Novelis’ Hot Mill Restart Ease Ford’s Supply Challenges?
• Positive Sentiment: UBS also recently lifted its price target on Ford to $17 from $14 and reiterated a buy rating, reinforcing the view that the stock’s recent rally may have room to continue. Ford Motor Company (F) – Among the 12 Cash-Rich Stocks to Buy Right Now
• Neutral Sentiment: Brokerages now have a consensus “Hold” rating on Ford, indicating mixed sentiment rather than a clear bullish or bearish consensus. Ford Motor Company (NYSE:F) Receives Consensus Rating of “Hold” from Brokerages
• Negative Sentiment: Ford is recalling more than 548,000 U.S. vehicles due to a defective center console, which could create added costs and short-term headline pressure. Ford to recall more than 548,000 US vehicles over defective center console

Wall Street Analyst Weigh In

Several research firms have weighed in on F. Royal Bank Of Canada restated a “sector perform” rating and set a $13.00 price objective on shares of Ford Motor in a report on Friday, May 15th. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. UBS Group upped their price objective on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday. Citigroup upped their price objective on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Finally, Bank of America upped their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average price target of $14.63.

Ford Motor Stock Performance

Shares of F stock opened at $14.73 on Friday. The firm has a 50-day moving average of $13.39 and a 200-day moving average of $13.28. The company has a market cap of $58.68 billion, a P/E ratio of -9.50, a P/E/G ratio of 0.31 and a beta of 1.79. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. Ford Motor Company has a one year low of $10.38 and a one year high of $17.78.

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

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.1%. Ford Motor’s dividend payout ratio is currently -38.71%.

Ford Motor Company 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.