Kingsview Wealth Management LLC Sells 21,891 Shares of Ford Motor (NYSE:F)

Kingsview Wealth Management LLC cut its holdings in shares of Ford Motor (NYSE:F) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,020 shares of the auto manufacturer’s stock after selling 21,891 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Ford Motor were worth $1,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC acquired a new position in shares of Ford Motor during the 4th quarter worth about $26,000. Reston Wealth Management LLC acquired a new position in shares of Ford Motor during the 3rd quarter worth about $33,000. Access Investment Management LLC acquired a new position in shares of Ford Motor during the 3rd quarter worth about $34,000. Crewe Advisors LLC increased its stake in shares of Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,068 shares during the last quarter. Finally, Modus Advisors LLC acquired a new position in Ford Motor in the 4th quarter valued at about $34,000. 58.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

F has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Finally, Evercore ISI decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $11.89.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $9.22 on Wednesday. The company has a 50 day moving average of $10.03 and a 200-day moving average of $10.51. Ford Motor has a 1-year low of $9.12 and a 1-year high of $14.85. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 2.31. The company has a market cap of $36.65 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, equities research analysts forecast that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend is Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

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.