Woodmont Investment Counsel LLC Sells 2,014 Shares of Ford Motor (NYSE:F)

Woodmont Investment Counsel LLC lowered its stake in Ford Motor (NYSE:F) by 8.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,655 shares of the auto manufacturer’s stock after selling 2,014 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Ford Motor were worth $301,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Financial Synergies Wealth Advisors Inc. grew its position in Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Ford Motor by 835.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares during the period. Fortis Group Advisors LLC grew its position 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 purchasing an additional 1,086 shares during the period. Voisard Asset Management Group Inc. acquired a new stake in Ford Motor in the 4th quarter valued at $27,000. Finally, Bruce G. Allen Investments LLC grew its position in Ford Motor by 71.4% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,395 shares of the auto manufacturer’s stock valued at $32,000 after purchasing an additional 998 shares during the period. 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 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 directly 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 is available at this link. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

F has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price for the company. Royal Bank of Canada upped their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. UBS Group upped their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Piper Sandler initiated coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average target price of $13.89.

Ford Motor Price Performance

F opened at $12.88 on Wednesday. The firm has a market cap of $51.40 billion, a P/E ratio of 13.27, a PEG ratio of 0.81 and a beta of 1.62. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The firm has a 50-day moving average of $12.20 and a 200 day moving average of $12.25.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to the consensus estimate 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 was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. On average, research analysts expect that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

About Ford Motor

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.