Glenview Trust co Cuts Stake in Ford Motor (NYSE:F)

Glenview Trust co lowered its position in shares of Ford Motor (NYSE:F) by 32.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,247 shares of the auto manufacturer’s stock after selling 5,847 shares during the period. Glenview Trust co’s holdings in Ford Motor were worth $121,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in Ford Motor by 29.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after buying an additional 336,720 shares during the period. NCP Inc. raised its holdings in Ford Motor by 62.0% in the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock worth $738,000 after purchasing an additional 28,528 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after purchasing an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new position in Ford Motor in the 3rd quarter worth $55,456,000. Finally, Alberta Investment Management Corp raised its holdings in Ford Motor by 87.1% in the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock worth $1,941,000 after purchasing an additional 91,300 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of NYSE F opened at $9.95 on Wednesday. The firm’s 50-day moving average price is $9.71 and its 200-day moving average price is $10.31. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a market cap of $39.42 billion, a PE ratio of 6.81, a PEG ratio of 0.61 and a beta of 1.59. Ford Motor has a 52-week low of $9.06 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Wall Street Analysts Forecast Growth

F has been the subject of several research reports. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Royal Bank of Canada decreased their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, TD Cowen started coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 price target for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.68.

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.