Lyell Wealth Management LP Reduces Stake in Ford Motor (NYSE:F)

Lyell Wealth Management LP reduced its position in Ford Motor (NYSE:F) by 15.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,607 shares of the auto manufacturer’s stock after selling 2,268 shares during the period. Lyell Wealth Management LP’s holdings in Ford Motor were worth $125,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Ford Motor by 110.7% during the 3rd quarter. Blue Trust Inc. now owns 33,199 shares of the auto manufacturer’s stock valued at $351,000 after buying an additional 17,441 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in Ford Motor by 6.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 96,156 shares of the auto manufacturer’s stock valued at $1,015,000 after buying an additional 5,481 shares during the last quarter. Eastern Bank acquired a new stake in Ford Motor during the 3rd quarter valued at $113,000. Leo Wealth LLC grew its holdings in Ford Motor by 8.3% during the 3rd quarter. Leo Wealth LLC now owns 19,489 shares of the auto manufacturer’s stock valued at $206,000 after buying an additional 1,489 shares during the last quarter. Finally, Elevated Capital Advisors LLC grew its holdings in Ford Motor by 2.3% during the 3rd quarter. Elevated Capital Advisors LLC now owns 69,237 shares of the auto manufacturer’s stock valued at $731,000 after buying an additional 1,578 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on F shares. Bank of America lowered their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Royal Bank of Canada decreased their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Finally, Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.89.

Ford Motor Trading Up 0.6 %

NYSE:F opened at $9.35 on Thursday. The business’s 50-day moving average is $9.85 and its two-hundred day moving average is $10.44. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 12 month low of $9.10 and a 12 month high of $14.85. The firm has a market capitalization of $37.04 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.61 and a beta of 1.63.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Research analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.42%. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

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.