Investors Asset Management of Georgia Inc. GA ADV Sells 2,636 Shares of Ford Motor (NYSE:F)

Investors Asset Management of Georgia Inc. GA ADV lessened its holdings in Ford Motor (NYSE:F) by 2.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,875 shares of the auto manufacturer’s stock after selling 2,636 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Ford Motor were worth $1,327,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Meridian Wealth Management LLC raised its stake in Ford Motor by 86.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock worth $8,170,000 after acquiring an additional 304,923 shares during the period. Sequoia Financial Advisors LLC raised its stake in Ford Motor by 15.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after acquiring an additional 44,581 shares during the period. Pearl River Capital LLC raised its stake in Ford Motor by 174.2% during the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after acquiring an additional 211,037 shares during the period. TIAA Trust National Association bought a new stake in Ford Motor during the 3rd quarter worth approximately $1,104,000. Finally, Mackenzie Financial Corp raised its stake in Ford Motor by 110.5% during the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock worth $8,460,000 after acquiring an additional 367,977 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 0.2 %

Shares of NYSE:F traded down $0.03 on Thursday, hitting $12.01. 23,116,262 shares of the company’s stock were exchanged, compared to its average volume of 53,005,246. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The stock has a market capitalization of $47.72 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63. The business’s 50 day simple moving average is $12.61 and its two-hundred day simple moving average is $11.76. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The business had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $43.06 billion. During the same period last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts anticipate that Ford Motor will post 1.9 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s dividend payout ratio (DPR) is 55.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays raised their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler initiated coverage on shares of Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. Morgan Stanley raised their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a report on Wednesday, February 7th. Finally, Redburn Atlantic initiated coverage on shares of Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.82.

Insider Transactions at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

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.