Ford Motor (NYSE:F) Shares Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC cut its position in shares of Ford Motor (NYSE:F) by 8.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 84,558 shares of the auto manufacturer’s stock after selling 7,855 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Ford Motor were worth $1,060,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of F. Olistico Wealth LLC acquired a new position in Ford Motor in the second quarter worth approximately $25,000. Fortis Group Advisors LLC lifted its holdings in shares of Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 1,086 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new position in Ford Motor in the 4th quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. raised its holdings in Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 1,938 shares during the period. Finally, Fairman Group LLC acquired a new stake in shares of Ford Motor during the fourth quarter valued at approximately $31,000. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on F shares. Royal Bank of Canada decreased their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday. The Goldman Sachs Group cut their price objective on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Barclays dropped their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. UBS Group increased their price objective on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.48.

Insider Transactions at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the transaction, the director now directly owns 168,601 shares in the company, valued at approximately $2,038,386.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is owned by corporate insiders.

Ford Motor Price Performance

Shares of NYSE:F traded up $0.24 during trading on Thursday, reaching $10.42. The stock had a trading volume of 26,223,296 shares, compared to its average volume of 55,001,863. The stock has a market capitalization of $41.60 billion, a PE ratio of 10.76, a P/E/G ratio of 0.75 and a beta of 1.62. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The business’s 50-day moving average price is $12.09 and its 200 day moving average price is $12.31.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. As a group, equities analysts predict that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.76%. Ford Motor’s payout ratio is presently 61.86%.

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.