Visionary Wealth Advisors Lowers Stock Holdings in Ford Motor (NYSE:F)

Visionary Wealth Advisors reduced its position in shares of Ford Motor (NYSE:F) by 27.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 46,572 shares of the auto manufacturer’s stock after selling 17,459 shares during the period. Visionary Wealth Advisors’ holdings in Ford Motor were worth $461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Hager Investment Management Services LLC purchased a new stake in Ford Motor during the 4th quarter worth about $26,000. Bank of Jackson Hole Trust purchased a new stake in Ford Motor during the 4th quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new stake in Ford Motor during the 4th quarter worth about $30,000. Kentucky Trust Co acquired a new stake in shares of Ford Motor during the fourth quarter worth about $31,000. Finally, Crewe Advisors LLC increased its position in shares of Ford Motor by 169.9% during the fourth 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 in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of NYSE:F opened at $10.71 on Wednesday. The business’s 50 day simple moving average is $9.95 and its 200-day simple moving average is $10.06. The firm has a market capitalization of $42.45 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 12 month low of $8.44 and a 12 month high of $14.85.

Ford Motor (NYSE:F) last posted its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same quarter in the prior year, the company earned $0.49 EPS. Ford Motor’s revenue was down 6.2% on a year-over-year basis. As a group, equities analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Monday, May 12th. Ford Motor’s payout ratio is currently 48.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on F shares. Citigroup boosted their price target on Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Wells Fargo & Company dropped their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. The Goldman Sachs Group boosted their price target on Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Bank of America dropped their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Wolfe Research upgraded Ford Motor from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.00.

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.