Cairn Investment Group Inc. Trims Stock Position in Ford Motor (NYSE:F)

Cairn Investment Group Inc. reduced its position in Ford Motor (NYSE:F) by 4.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 45,025 shares of the auto manufacturer’s stock after selling 2,125 shares during the quarter. Cairn Investment Group Inc.’s holdings in Ford Motor were worth $598,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its position in shares of Ford Motor by 15.0% during the 4th 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. Axxcess Wealth Management LLC increased 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 valued at $3,738,000 after buying an additional 258,920 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Ford Motor by 11.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 421,118 shares of the auto manufacturer’s stock valued at $5,230,000 after acquiring an additional 44,805 shares during the period. CVA Family Office LLC purchased a new stake in shares of Ford Motor during the 4th quarter worth approximately $56,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Ford Motor by 21.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock worth $153,421,000 after acquiring an additional 2,190,915 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on F shares. Royal Bank of Canada boosted their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Sanford C. Bernstein started coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective on the stock. Citigroup lifted their target price on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. UBS Group raised their price objective on shares of 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 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus price target of $13.89.

Ford Motor Stock Performance

Shares of NYSE F traded up $0.17 during mid-day trading on Thursday, hitting $12.28. The company had a trading volume of 21,169,686 shares, compared to its average volume of 50,870,746. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The stock has a market cap of $49.03 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.78 and a beta of 1.61. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The firm’s 50 day simple moving average is $12.19 and its two-hundred day simple moving average is $12.22.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.63 earnings per share. As a group, equities research analysts forecast that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.89%. Ford Motor’s payout ratio is currently 61.86%.

Insider Activity

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the transaction, the director now directly owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.