Comerica Bank Acquires 42,241 Shares of Ford Motor (NYSE:F)

Comerica Bank increased its holdings in Ford Motor (NYSE:F) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 850,984 shares of the auto manufacturer’s stock after acquiring an additional 42,241 shares during the period. Comerica Bank’s holdings in Ford Motor were worth $11,301,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in Ford Motor in the fourth quarter valued at approximately $475,899,000. Coatue Management LLC purchased a new position in Ford Motor in the fourth quarter valued at approximately $149,152,000. Newport Trust Company LLC lifted its stake in Ford Motor by 4.5% in the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after purchasing an additional 6,667,808 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Ford Motor by 6.3% in the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after purchasing an additional 3,522,965 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Ford Motor by 1,084.8% in the fourth quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock valued at $32,876,000 after purchasing an additional 2,469,344 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Performance

Shares of F stock traded down $0.19 during mid-day trading on Thursday, reaching $10.63. 43,902,219 shares of the company’s stock traded hands, compared to its average volume of 53,918,367. Ford Motor has a 12 month low of $9.63 and a 12 month high of $14.85. The firm has a 50 day moving average price of $12.47 and a two-hundred day moving average price of $12.40. 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 market capitalization of $42.44 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 0.76 and a beta of 1.62.

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

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Insider Activity at Ford Motor

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction dated Friday, May 24th. The shares were 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 owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays lowered their price objective 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. The Goldman Sachs Group lowered their price objective on Ford Motor from $14.00 to $12.00 and set a “neutral” 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 research report on Thursday, April 25th. Royal Bank of Canada raised their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Finally, Sanford C. Bernstein started coverage on shares of Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.69.

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.