Sound View Wealth Advisors Group LLC Sells 4,090 Shares of Ford Motor (NYSE:F)

Sound View Wealth Advisors Group LLC decreased its position in Ford Motor (NYSE:F) by 10.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,554 shares of the auto manufacturer’s stock after selling 4,090 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Ford Motor were worth $332,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Hager Investment Management Services LLC purchased a new position in shares of Ford Motor during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor during the 4th quarter valued at $29,000. Kentucky Trust Co bought a new position in Ford Motor in the 4th quarter worth $31,000. Crewe Advisors LLC lifted its position in shares of Ford Motor by 169.9% in the 4th 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 during the period. Finally, Access Investment Management LLC bought a new stake in Ford Motor during the 3rd quarter valued at approximately $34,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Up 0.8 %

F opened at $9.98 on Tuesday. The company has a market capitalization of $39.54 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The firm has a 50-day simple moving average of $9.72 and a two-hundred day simple moving average of $10.37. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a 52 week low of $9.06 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Analyst Ratings Changes

A number of brokerages recently issued reports on F. Bank of America lowered their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. BNP Paribas raised Ford Motor to a “hold” rating in a research report on Monday, February 10th. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. TD Cowen initiated coverage on Ford Motor in a research note on Friday. They set a “hold” rating and a $10.00 price target for the company. Finally, Royal Bank of Canada reduced their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus target price of $11.77.

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.