Ford Motor (NYSE:F) Shares Sold by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. trimmed its holdings in shares of Ford Motor (NYSE:F) by 26.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,911 shares of the auto manufacturer’s stock after selling 5,351 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Ford Motor were worth $182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of F. Sequoia Financial Advisors LLC boosted its stake in shares of Ford Motor by 15.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after purchasing an additional 44,581 shares during the period. Axxcess Wealth Management LLC raised its holdings in Ford Motor by 616.0% in the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after acquiring an additional 258,920 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Ford Motor by 11.9% in the third quarter. Public Sector Pension Investment Board now owns 421,118 shares of the auto manufacturer’s stock valued at $5,230,000 after acquiring an additional 44,805 shares in the last quarter. CVA Family Office LLC acquired a new stake in Ford Motor in the fourth quarter valued at $56,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Ford Motor by 21.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock valued at $153,421,000 after acquiring an additional 2,190,915 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the transaction, the director now owns 168,601 shares in the company, valued at approximately $2,038,386.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target on the stock. UBS Group upped their price target on shares of 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 upped their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Piper Sandler initiated coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price on the stock. Finally, Barclays increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average target price of $13.89.

Ford Motor Stock Up 2.5 %

F stock opened at $12.54 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42. The firm’s 50-day simple moving average is $12.21 and its 200 day simple moving average is $12.24. The stock has a market cap of $50.06 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 EPS. As a group, sell-side analysts predict that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were given a $0.15 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.78%. 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.