Pitti Group Wealth Management LLC Has $302,000 Stake in Ford Motor (NYSE:F)

Pitti Group Wealth Management LLC decreased its position in shares of Ford Motor (NYSE:F) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,781 shares of the auto manufacturer’s stock after selling 2,984 shares during the quarter. Pitti Group Wealth Management LLC’s holdings in Ford Motor were worth $302,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,839 shares during the period. Milestone Investment Advisors LLC acquired a new position in Ford Motor during the 3rd quarter worth about $27,000. Peoples Bank KS acquired a new position in Ford Motor during the 3rd quarter worth about $29,000. Provence Wealth Management Group acquired a new position in Ford Motor during the 3rd quarter worth about $31,000. Finally, Headinvest LLC acquired a new position in Ford Motor during the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Activity at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is owned by corporate insiders.

Ford Motor Stock Performance

NYSE F traded down $0.25 on Friday, hitting $12.79. 57,257,796 shares of the stock traded hands, compared to its average volume of 50,407,576. The business’s fifty day moving average is $12.62 and its two-hundred day moving average is $11.79. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The firm has a market capitalization of $50.82 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 0.99 and a beta of 1.63. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.04 and a current ratio of 1.17.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. During the same period last year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s payout ratio is currently 61.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on F shares. Piper Sandler started coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective on the stock. Redburn Atlantic started coverage on Ford Motor in a research report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price for the company. Citigroup boosted their target price on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Royal Bank of Canada boosted their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Barclays boosted their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average target price of $14.02.

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.