Stockman Wealth Management Inc. Sells 1,450 Shares of Ford Motor (NYSE:F)

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Stockman Wealth Management Inc. decreased its holdings in shares of Ford Motor (NYSE:F) by 5.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,049 shares of the auto manufacturer’s stock after selling 1,450 shares during the period. Stockman Wealth Management Inc.’s holdings in Ford Motor were worth $246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Motco increased its stake in shares of Ford Motor by 1,162.6% during the first quarter. Motco now owns 2,904 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 2,674 shares in the last quarter. JNBA Financial Advisors increased its position in shares of Ford Motor by 100.0% during the first quarter. JNBA Financial Advisors now owns 3,000 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 1,500 shares in the last quarter. Berman Capital Advisors LLC increased its position in shares of Ford Motor by 46.6% during the first quarter. Berman Capital Advisors LLC now owns 3,553 shares of the auto manufacturer’s stock valued at $31,000 after acquiring an additional 1,130 shares in the last quarter. West Oak Capital LLC increased its position in shares of Ford Motor by 46.3% during the second quarter. West Oak Capital LLC now owns 3,579 shares of the auto manufacturer’s stock valued at $37,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its position in shares of Ford Motor by 38.2% during the first quarter. Cornerstone Advisors Inc. now owns 3,802 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 1,051 shares in the last quarter. 52.61% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on F. Goldman Sachs Group set a $13.00 price target on shares of Ford Motor and gave the company a “buy” rating in a research report on Thursday, June 13th. Credit Suisse Group began coverage on shares of Ford Motor in a research report on Wednesday, June 26th. They set an “outperform” rating and a $13.00 price target for the company. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research report on Tuesday, April 30th. Jefferies Financial Group raised shares of Ford Motor to a “buy” rating and raised their price target for the company from $11.00 to $12.50 in a research report on Tuesday, April 30th. Finally, BMO Capital Markets raised their price target on shares of Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a research report on Monday, May 6th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.48.

In related news, Chairman William Clay Ford, Jr. purchased 840,962 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were acquired at an average price of $9.51 per share, for a total transaction of $7,997,548.62. Following the purchase, the chairman now directly owns 1,100,617 shares in the company, valued at $10,466,867.67. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kiersten Robinson sold 15,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $10.50, for a total transaction of $157,500.00. Following the completion of the sale, the insider now owns 51,027 shares in the company, valued at approximately $535,783.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,000 shares of company stock worth $1,137,650. 0.83% of the stock is owned by corporate insiders.

NYSE:F traded down $0.04 during trading hours on Tuesday, reaching $8.78. The company had a trading volume of 16,923,787 shares, compared to its average volume of 36,771,832. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.86. Ford Motor has a 52 week low of $7.41 and a 52 week high of $10.56. The firm has a market cap of $34.99 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 0.93 and a beta of 1.13. The firm’s 50 day moving average price is $9.59 and its 200-day moving average price is $9.47.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Ford Motor had a net margin of 1.37% and a return on equity of 14.92%. The business had revenue of $35.91 billion during the quarter, compared to the consensus estimate of $35.21 billion. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s revenue was up .4% on a year-over-year basis. On average, analysts forecast that Ford Motor will post 1.3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, July 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.83%. The ex-dividend date is Monday, July 22nd. Ford Motor’s dividend payout ratio is presently 46.15%.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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