Newport Trust Co Has $1.70 Billion Stock Holdings in Ford Motor (NYSE:F)

Newport Trust Co boosted its holdings in Ford Motor (NYSE:F) by 0.4% in the third quarter, Holdings Channel reports. The firm owned 185,425,924 shares of the auto manufacturer’s stock after purchasing an additional 694,186 shares during the quarter. Ford Motor comprises about 4.5% of Newport Trust Co’s holdings, making the stock its 6th biggest position. Newport Trust Co’s holdings in Ford Motor were worth $1,698,501,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC grew its position in Ford Motor by 80.2% in the third quarter. Asset Dedication LLC now owns 3,166 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 1,409 shares in the last quarter. Strategic Blueprint LLC bought a new position in Ford Motor in the third quarter valued at $30,000. West Oak Capital LLC grew its position in Ford Motor by 46.3% in the second quarter. West Oak Capital LLC now owns 3,579 shares of the auto manufacturer’s stock valued at $37,000 after purchasing an additional 1,132 shares in the last quarter. Citizens Financial Group Inc RI grew its position in Ford Motor by 63.6% in the second quarter. Citizens Financial Group Inc RI now owns 3,601 shares of the auto manufacturer’s stock valued at $37,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Ford Motor in the second quarter valued at $39,000. 53.79% of the stock is owned by institutional investors and hedge funds.

F has been the subject of a number of analyst reports. ValuEngine downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Bank of America downgraded shares of Ford Motor to a “buy” rating and set a $13.00 price objective for the company. in a research report on Tuesday, September 10th. Royal Bank of Canada reissued a “neutral” rating and issued a $10.50 price objective on shares of Ford Motor in a research report on Thursday, July 25th. TheStreet downgraded shares of Ford Motor from a “b-” rating to a “c” rating in a research report on Friday, July 26th. Finally, Morgan Stanley reissued a “buy” rating and issued a $12.00 price objective on shares of Ford Motor in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $10.35.

Shares of F traded up $0.15 during midday trading on Friday, reaching $9.04. The stock had a trading volume of 29,475,401 shares, compared to its average volume of 39,077,676. The firm has a 50 day simple moving average of $8.91 and a 200-day simple moving average of $9.55. Ford Motor has a one year low of $7.41 and a one year high of $10.56. The firm has a market cap of $35.84 billion, a PE ratio of 6.95, a P/E/G ratio of 1.01 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.04 and a debt-to-equity ratio of 2.81.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, October 23rd. The auto manufacturer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Ford Motor had a net margin of 1.01% and a return on equity of 15.53%. The company had revenue of $33.93 billion during the quarter, compared to the consensus estimate of $33.88 billion. During the same quarter last year, the firm posted $0.29 EPS. The company’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, research analysts forecast that Ford Motor will post 1.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.64%. The ex-dividend date is Monday, October 21st. Ford Motor’s payout ratio is 46.15%.

In related news, CEO James P. Hackett sold 20,000 shares of Ford Motor stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $9.16, for a total transaction of $183,200.00. Following the completion of the sale, the chief executive officer now owns 174,575 shares of the company’s stock, valued at approximately $1,599,107. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James D. Farley, Jr. sold 45,000 shares of Ford Motor stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $9.19, for a total transaction of $413,550.00. Following the sale, the insider now directly owns 496,753 shares of the company’s stock, valued at approximately $4,565,160.07. The disclosure for this sale can be found here. Insiders have sold a total of 105,000 shares of company stock valued at $946,550 in the last ninety days. 0.83% of the stock is currently owned by insiders.

Ford Motor Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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