SteelPeak Wealth LLC Sells 254,838 Shares of Ford Motor (NYSE:F)

SteelPeak Wealth LLC cut its stake in shares of Ford Motor (NYSE:F) by 40.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 367,769 shares of the auto manufacturer’s stock after selling 254,838 shares during the quarter. SteelPeak Wealth LLC’s holdings in Ford Motor were worth $3,884,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Highline Wealth Partners LLC purchased a new position in Ford Motor during the 3rd quarter worth $493,000. Avitas Wealth Management LLC raised its position in shares of Ford Motor by 1.4% in the third quarter. Avitas Wealth Management LLC now owns 119,290 shares of the auto manufacturer’s stock valued at $1,260,000 after buying an additional 1,612 shares during the last quarter. Childress Capital Advisors LLC lifted its position in Ford Motor by 29.4% during the third quarter. Childress Capital Advisors LLC now owns 54,596 shares of the auto manufacturer’s stock worth $577,000 after buying an additional 12,389 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in Ford Motor by 13.2% during the third quarter. Fidelis Capital Partners LLC now owns 12,622 shares of the auto manufacturer’s stock worth $140,000 after buying an additional 1,473 shares during the period. Finally, PBMares Wealth Management LLC boosted its holdings in Ford Motor by 9.0% during the 3rd quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock valued at $126,000 after acquiring an additional 991 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

F traded up $0.03 during trading on Wednesday, reaching $10.44. 22,165,555 shares of the company traded hands, compared to its average volume of 53,569,188. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The firm has a fifty day simple moving average of $10.84 and a 200 day simple moving average of $11.65. The company has a market cap of $41.68 billion, a P/E ratio of 10.75, a PEG ratio of 1.58 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. Ford Motor’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. On average, equities analysts forecast that Ford Motor will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Analyst Ratings Changes

Several equities analysts have issued reports on F shares. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Evercore ISI upgraded Ford Motor to a “hold” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft cut their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday. Wolfe Research assumed coverage on shares of Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company decreased their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.41.

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.