Legacy Financial Advisors Inc. Has $529,000 Holdings in Ford Motor (NYSE:F)

Legacy Financial Advisors Inc. increased its position in shares of Ford Motor (NYSE:F) by 194.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,361 shares of the auto manufacturer’s stock after purchasing an additional 28,629 shares during the period. Legacy Financial Advisors Inc.’s holdings in Ford Motor were worth $529,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in F. Bigelow Investment Advisors LLC raised its holdings in Ford Motor by 4.9% during the 4th quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer’s stock valued at $236,000 after acquiring an additional 908 shares during the period. Sage Mountain Advisors LLC increased its position in shares of Ford Motor by 7.1% in the third quarter. Sage Mountain Advisors LLC now owns 13,825 shares of the auto manufacturer’s stock worth $172,000 after purchasing an additional 919 shares during the last quarter. Strategic Investment Advisors MI lifted its holdings in shares of Ford Motor by 1.7% during the 3rd quarter. Strategic Investment Advisors MI now owns 56,039 shares of the auto manufacturer’s stock worth $696,000 after acquiring an additional 921 shares during the last quarter. North Star Asset Management Inc. increased its position in shares of Ford Motor by 8.9% during the 4th quarter. North Star Asset Management Inc. now owns 11,838 shares of the auto manufacturer’s stock valued at $144,000 after purchasing an additional 971 shares during the last quarter. Finally, Birmingham Capital Management Co. Inc. AL raised its holdings in shares of Ford Motor by 8.5% during the 3rd quarter. Birmingham Capital Management Co. Inc. AL now owns 12,700 shares of the auto manufacturer’s stock valued at $158,000 after buying an additional 1,000 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group increased their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Barclays lifted their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Redburn Atlantic assumed coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target for the company. Piper Sandler initiated coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective on the stock. Finally, Royal Bank of Canada increased their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $13.74.

Ford Motor Stock Down 0.5 %

Shares of F traded down $0.06 during mid-day trading on Friday, reaching $12.43. The company had a trading volume of 47,463,317 shares, compared to its average volume of 54,173,800. Ford Motor has a 52 week low of $9.63 and a 52 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 price of $12.64 and a 200 day moving average price of $11.80. The company has a market capitalization of $49.39 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. During the same period in the previous year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.83%. Ford Motor’s dividend payout ratio is 61.86%.

Insider Transactions at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.