Livingston Group Asset Management CO operating as Southport Capital Management lessened its stake in Ford Motor (NYSE:F) by 8.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369,437 shares of the auto manufacturer’s stock after selling 34,950 shares during the period. Ford Motor comprises about 1.4% of Livingston Group Asset Management CO operating as Southport Capital Management’s holdings, making the stock its 12th largest holding. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Ford Motor were worth $3,244,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Accredited Investors Inc. raised its position in Ford Motor by 22.6% during the 1st quarter. Accredited Investors Inc. now owns 14,327 shares of the auto manufacturer’s stock valued at $126,000 after purchasing an additional 2,637 shares during the last quarter. Northpointe Capital LLC raised its position in Ford Motor by 8.1% during the 1st quarter. Northpointe Capital LLC now owns 190,855 shares of the auto manufacturer’s stock valued at $1,676,000 after purchasing an additional 14,271 shares during the last quarter. Nwam LLC raised its position in Ford Motor by 3.3% during the 1st quarter. Nwam LLC now owns 43,350 shares of the auto manufacturer’s stock valued at $381,000 after purchasing an additional 1,370 shares during the last quarter. Trilogy Capital Inc. raised its position in Ford Motor by 26.9% during the 1st quarter. Trilogy Capital Inc. now owns 69,614 shares of the auto manufacturer’s stock valued at $611,000 after purchasing an additional 14,751 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC raised its position in Ford Motor by 705.5% during the 1st quarter. Prime Capital Investment Advisors LLC now owns 524,689 shares of the auto manufacturer’s stock valued at $4,607,000 after purchasing an additional 459,549 shares during the last quarter. 53.24% of the stock is owned by institutional investors.
Shares of F stock traded up $0.14 during midday trading on Wednesday, reaching $9.50. 10,322,178 shares of the stock were exchanged, compared to its average volume of 40,418,568. Ford Motor has a 1 year low of $7.41 and a 1 year high of $12.15. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.20. The company has a market capitalization of $37.07 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 0.85 and a beta of 1.04.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. Ford Motor had a return on equity of 14.38% and a net margin of 2.29%. The firm had revenue of $38.70 billion for the quarter, compared to the consensus estimate of $36.83 billion. During the same quarter in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. Sell-side analysts forecast that Ford Motor will post 1.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.32%. Ford Motor’s dividend payout ratio (DPR) is 46.15%.
A number of research analysts have commented on the company. Seaport Global Securities assumed coverage on Ford Motor in a research report on Wednesday, February 13th. They set a “neutral” rating and a $8.46 price target for the company. They noted that the move was a valuation call. Jefferies Financial Group reaffirmed a “buy” rating and set a $11.00 price target on shares of Ford Motor in a research report on Tuesday, January 8th. Nomura lowered Ford Motor from a “neutral” rating to a “reduce” rating and lowered their price target for the company from $8.20 to $7.50 in a research report on Friday, April 5th. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Finally, ValuEngine lowered Ford Motor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.26.
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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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