Ford Motor (NYSE:F) Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC cut its holdings in Ford Motor (NYSE:F) by 4.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,198 shares of the auto manufacturer’s stock after selling 1,452 shares during the quarter. Sound Income Strategies LLC’s holdings in Ford Motor were worth $441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Olistico Wealth LLC purchased a new position in Ford Motor in the 2nd quarter valued at $25,000. Fortis Group Advisors LLC raised its holdings in Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 1,086 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new position in Ford Motor in the 4th quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in shares of Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares during the last quarter. Finally, Fairman Group LLC purchased a new stake in shares of Ford Motor in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada increased their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. UBS Group lifted their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Barclays decreased their target price on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.75.

Insider Buying and Selling

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor 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 sale, the director now owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Ford Motor Stock Performance

F traded down $0.03 on Friday, reaching $10.10. The company had a trading volume of 48,860,845 shares, compared to its average volume of 55,371,258. The stock has a 50-day moving average price of $12.21 and a 200-day moving average price of $12.34. The stock has a market capitalization of $40.32 billion, a PE ratio of 10.41, a P/E/G ratio of 0.75 and a beta of 1.62. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The firm had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. Ford Motor’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, research analysts forecast that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

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.