Steele Capital Management Inc. Sells 2,296 Shares of Ford Motor (NYSE:F)

Steele Capital Management Inc. reduced its stake in shares of Ford Motor (NYSE:F) by 11.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 17,539 shares of the auto manufacturer’s stock after selling 2,296 shares during the quarter. Steele Capital Management Inc.’s holdings in Ford Motor were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of F. Algert Global LLC acquired a new position in Ford Motor during the third quarter worth $190,000. Alpine Global Management LLC acquired a new stake in shares of Ford Motor in the third quarter valued at $3,147,000. Teza Capital Management LLC acquired a new stake in shares of Ford Motor in the third quarter valued at $518,000. Sherbrooke Park Advisers LLC increased its stake in shares of Ford Motor by 17.1% in the third quarter. Sherbrooke Park Advisers LLC now owns 50,920 shares of the auto manufacturer’s stock valued at $632,000 after buying an additional 7,443 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in shares of Ford Motor by 5.1% in the third quarter. Ancora Advisors LLC now owns 160,575 shares of the auto manufacturer’s stock valued at $1,994,000 after buying an additional 7,811 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Ford Motor Trading Up 1.8 %

Ford Motor stock traded up $0.23 during trading hours on Monday, hitting $12.77. The stock had a trading volume of 56,132,737 shares, compared to its average volume of 51,248,250. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The stock has a market cap of $50.96 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 0.81 and a beta of 1.62. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The business’s 50 day simple moving average is $12.21 and its 200-day simple moving average is $12.24.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS 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 the consensus estimate of $42.93 billion. Ford Motor had a return on equity of 17.63% 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 last year, the company earned $0.63 earnings per share. On average, equities analysts predict that Ford Motor will post 2.02 EPS for the current fiscal year.

Ford Motor Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on F. Piper Sandler started coverage on Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. UBS Group lifted their price objective on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Barclays lifted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Citigroup boosted their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, 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 report on Thursday, April 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average target price of $13.89.

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.