Burkett Financial Services LLC Decreases Stake in Ford Motor (NYSE:F)

Burkett Financial Services LLC lessened its stake in shares of Ford Motor (NYSE:F) by 41.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,944 shares of the auto manufacturer’s stock after selling 2,747 shares during the period. Burkett Financial Services LLC’s holdings in Ford Motor were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in F. Newport Trust Company LLC lifted its holdings in shares of Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after buying an additional 6,667,808 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Ford Motor by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock worth $1,068,596,000 after purchasing an additional 269,887 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after purchasing an additional 3,522,965 shares during the period. Norges Bank purchased a new position in shares of Ford Motor during the 4th quarter valued at approximately $475,899,000. Finally, Northern Trust Corp lifted its stake in shares of Ford Motor by 3.8% in the 3rd quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after purchasing an additional 1,392,408 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Buying and Selling at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

F has been the subject of a number of recent analyst reports. Barclays lifted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. UBS Group raised their price objective on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Royal Bank of Canada lifted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Citigroup upped their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Piper Sandler initiated coverage on shares of Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.89.

Ford Motor Stock Down 0.3 %

F traded down $0.03 during trading hours on Tuesday, hitting $11.82. 16,127,871 shares of the company’s stock were exchanged, compared to its average volume of 51,110,512. The firm has a 50 day moving average of $12.29 and a 200 day moving average of $12.17. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The firm has a market cap of $47.19 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.77 and a beta of 1.61. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. During the same period last year, the firm earned $0.63 earnings per share. Ford Motor’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts predict that Ford Motor will post 1.99 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.08%. Ford Motor’s dividend payout ratio is presently 61.86%.

Ford Motor 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.