Catalyst Financial Partners LLC Lowers Stake in Ford Motor (NYSE:F)

Catalyst Financial Partners LLC lessened its position in shares of Ford Motor (NYSE:F) by 22.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,355 shares of the auto manufacturer’s stock after selling 3,324 shares during the period. Catalyst Financial Partners LLC’s holdings in Ford Motor were worth $138,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Ford Motor by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock worth $1,068,596,000 after purchasing an additional 269,887 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after purchasing an additional 3,522,965 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Ford Motor by 3.8% during the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock worth $473,312,000 after purchasing an additional 1,392,408 shares in the last quarter. LSV Asset Management lifted its stake in shares of Ford Motor by 3.9% during the third quarter. LSV Asset Management now owns 20,238,211 shares of the auto manufacturer’s stock worth $251,359,000 after purchasing an additional 751,500 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Ford Motor by 21.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock worth $153,421,000 after purchasing an additional 2,190,915 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Activity

In other news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction 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 $88,988.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on F. Citigroup boosted their price objective on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Morgan Stanley boosted their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Barclays boosted their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. UBS Group boosted their price target on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Piper Sandler began coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. One 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, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $13.74.

Ford Motor Stock Down 0.2 %

Ford Motor stock traded down $0.02 during midday trading on Thursday, hitting $12.13. The stock had a trading volume of 28,990,101 shares, compared to its average volume of 53,505,438. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The stock has a market cap of $48.43 billion, a P/E ratio of 12.51, a P/E/G ratio of 0.84 and a beta of 1.61. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The business has a fifty day moving average price of $12.65 and a 200 day moving average price of $11.81.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.07. The firm had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. Ford Motor’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. Research analysts predict that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

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.