Avantax Planning Partners Inc. Sells 57,609 Shares of Ford Motor Company $F

Avantax Planning Partners Inc. lowered its position in Ford Motor Company (NYSE:F) by 70.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 23,977 shares of the auto manufacturer’s stock after selling 57,609 shares during the period. Avantax Planning Partners Inc.’s holdings in Ford Motor were worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of F. Parkside Financial Bank & Trust boosted its position in shares of Ford Motor by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after purchasing an additional 756 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its stake in Ford Motor by 1.8% in the fourth 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 lifted its stake in Ford Motor by 4.4% in the fourth 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. Cyndeo Wealth Partners LLC increased its stake 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 valued at $153,000 after acquiring an additional 784 shares in the last quarter. Finally, Activest Wealth Management lifted its position in shares of Ford Motor by 35.3% during the 4th quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock valued at $40,000 after acquiring an additional 794 shares during the period. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

Shares of NYSE F opened at $14.20 on Thursday. The stock has a market cap of $56.58 billion, a price-to-earnings ratio of -9.16, a PEG ratio of 0.30 and a beta of 1.82. 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 Company has a fifty-two week low of $10.68 and a fifty-two week high of $17.78. The firm’s 50-day simple moving average is $14.22 and its 200 day simple moving average is $13.39.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. As a group, research analysts anticipate 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. Stockholders of record on Tuesday, May 12th were paid a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Ford Motor’s dividend payout ratio is presently -38.71%.

Wall Street Analyst Weigh In

F has been the topic of several research analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 13th. The Goldman Sachs Group increased their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Zacks Research raised Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. BNP Paribas Exane raised their price objective on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.72.

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.