Fiduciary Trust Co Boosts Stock Position in Ford Motor (NYSE:F)

Fiduciary Trust Co raised its stake in Ford Motor (NYSE:F) by 74.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,406 shares of the auto manufacturer’s stock after acquiring an additional 10,847 shares during the quarter. Fiduciary Trust Co’s holdings in Ford Motor were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Insight Wealth Partners LLC grew its holdings in Ford Motor by 1.9% during the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after purchasing an additional 843 shares during the period. Pallas Capital Advisors LLC raised its holdings in Ford Motor by 2.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after acquiring an additional 846 shares during the period. Hilltop National Bank lifted its position in shares of Ford Motor by 7.1% during the second quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock worth $178,000 after acquiring an additional 944 shares in the last quarter. Meridian Financial Partners LLC grew its position in shares of Ford Motor by 1.1% in the third quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after purchasing an additional 953 shares in the last quarter. Finally, Insight Advisors LLC PA raised its stake in shares of Ford Motor by 1.6% during the 2nd quarter. Insight Advisors LLC PA now owns 61,942 shares of the auto manufacturer’s stock valued at $777,000 after purchasing an additional 962 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on F. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research note on Thursday, November 7th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.02.

Ford Motor Stock Performance

NYSE:F opened at $11.13 on Friday. The company has a market capitalization of $44.23 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 2.02 and a beta of 1.62. The business has a 50 day moving average of $10.86 and a 200 day moving average of $11.42. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same period in the previous year, the business posted $0.39 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.39%. Ford Motor’s dividend payout ratio (DPR) is currently 68.18%.

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.