Bryn Mawr Capital Management LLC Lowers Stake in Ford Motor (NYSE:F)

Bryn Mawr Capital Management LLC reduced its stake in shares of Ford Motor (NYSE:F) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,492 shares of the auto manufacturer’s stock after selling 3,143 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Ford Motor were worth $3,102,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC raised its holdings in Ford Motor by 15.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after purchasing an additional 44,581 shares in the last quarter. Pearl River Capital LLC raised its holdings in Ford Motor by 174.2% in the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after purchasing an additional 211,037 shares in the last quarter. TIAA Trust National Association bought a new position in Ford Motor in the third quarter worth about $1,104,000. Mackenzie Financial Corp raised its holdings in Ford Motor by 110.5% in the third quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock worth $8,460,000 after purchasing an additional 367,977 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in Ford Motor by 616.0% in the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock worth $3,738,000 after purchasing an additional 258,920 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction on 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 transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.80% of the stock is owned by corporate insiders.

Ford Motor Price Performance

Shares of F stock traded down $0.27 during trading hours on Friday, hitting $12.77. 57,211,591 shares of the company’s stock were exchanged, compared to its average volume of 54,332,313. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33. The firm has a market cap of $50.74 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.02 and a beta of 1.63. The firm has a 50 day moving average of $12.62 and a two-hundred day moving average of $11.79. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a return on equity of 17.56% and a net margin of 2.21%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS. Sell-side analysts forecast that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.70%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. 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. Royal Bank of Canada upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday. Piper Sandler initiated coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Finally, Citigroup upped their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.02.

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.