Ford Motor Company $F Position Lessened by Sonora Investment Management Group LLC

Sonora Investment Management Group LLC trimmed its position in shares of Ford Motor Company (NYSE:F) by 12.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,939 shares of the auto manufacturer’s stock after selling 1,699 shares during the period. Sonora Investment Management Group LLC’s holdings in Ford Motor were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of F. Grove Bank & Trust raised its holdings in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,882 shares in the last quarter. Elite Financial Inc. bought a new position in Ford Motor during the first quarter valued at about $27,000. Olde Wealth Management LLC bought a new position in Ford Motor during the first quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new position in Ford Motor during the first quarter valued at about $30,000. Finally, WPG Advisers LLC bought a new position in Ford Motor during the first quarter valued at about $33,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider directly owned 113,939 shares of the company’s stock, valued at $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on F shares. Barclays raised their target price on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Jefferies Financial Group raised their target price on Ford Motor from $8.00 to $9.00 and gave the company an “underperform” rating in a report on Monday, August 11th. Royal Bank Of Canada lifted their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 5th. UBS Group lifted their price objective on Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Finally, Piper Sandler lifted their price objective on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Reduce” and a consensus target price of $10.43.

Ford Motor Trading Up 3.4%

Ford Motor stock opened at $12.02 on Monday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The business’s 50-day simple moving average is $11.49 and its 200-day simple moving average is $10.75. The firm has a market capitalization of $47.84 billion, a PE ratio of 15.41, a PEG ratio of 3.45 and a beta of 1.52. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $12.32.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The business had revenue of $50.18 billion for the quarter, compared to the consensus estimate of $42.91 billion. During the same period last year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. Ford Motor’s dividend payout ratio (DPR) is 76.92%.

Ford Motor Company 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.