Smith Capital Management Inc. AR ADV Sells 2,540 Shares of Ford Motor (NYSE:F)

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Smith Capital Management Inc. AR ADV trimmed its position in Ford Motor (NYSE:F) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,875 shares of the auto manufacturer’s stock after selling 2,540 shares during the period. Smith Capital Management Inc. AR ADV’s holdings in Ford Motor were worth $203,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of F. CFM Wealth Partners LLC acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $25,000. Penserra Capital Management LLC acquired a new stake in shares of Ford Motor in the third quarter valued at about $25,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $27,000. Howard Wealth Management LLC acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $27,000. Finally, Norway Savings Bank acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $29,000. Institutional investors own 53.42% of the company’s stock.

Shares of Ford Motor stock traded down $0.24 on Thursday, hitting $6.97. The stock had a trading volume of 118,582,804 shares, compared to its average volume of 73,706,584. Ford Motor has a twelve month low of $7.21 and a twelve month high of $10.56. The business’s 50 day moving average is $8.64 and its two-hundred day moving average is $8.97. The company has a quick ratio of 1.05, a current ratio of 1.16 and a debt-to-equity ratio of 3.05. The stock has a market cap of $27.64 billion, a price-to-earnings ratio of 348.67, a price-to-earnings-growth ratio of 0.95 and a beta of 1.09.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, February 4th. The auto manufacturer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.05). Ford Motor had a net margin of 0.03% and a return on equity of 13.84%. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $36.55 billion. During the same period in the previous year, the company posted $0.30 EPS. Ford Motor’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, equities analysts predict that Ford Motor will post 1.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, January 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.61%. The ex-dividend date of this dividend is Wednesday, January 29th. Ford Motor’s payout ratio is 50.42%.

A number of brokerages have weighed in on F. JPMorgan Chase & Co. lowered their price target on Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Evercore ISI downgraded Ford Motor from an “in-line” rating to an “underperform” rating in a research report on Thursday, January 2nd. Deutsche Bank lowered their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. TheStreet downgraded Ford Motor from a “b-” rating to a “c” rating in a research report on Tuesday, February 4th. Finally, Credit Suisse Group downgraded Ford Motor from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $11.00 to $9.00 in a research report on Friday, February 7th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $10.12.

In other news, Director John C. Lechleiter bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $8.24 per share, with a total value of $82,400.00. Also, CEO James P. Hackett sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $9.29, for a total value of $185,800.00. Following the completion of the sale, the chief executive officer now owns 145,184 shares of the company’s stock, valued at $1,348,759.36. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock worth $541,400 in the last ninety days. 0.83% of the stock is owned by company insiders.

About Ford Motor

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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