Private Trust Co. NA Sells 2,000 Shares of Ford Motor (NYSE:F)

Private Trust Co. NA lowered its position in Ford Motor (NYSE:F) by 10.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 16,413 shares of the auto manufacturer’s stock after selling 2,000 shares during the period. Private Trust Co. NA’s holdings in Ford Motor were worth $173,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Ford Motor by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after buying an additional 5,270,562 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ford Motor by 27.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after buying an additional 7,793,944 shares in the last quarter. Legal & General Group Plc increased its position in shares of Ford Motor by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock valued at $399,066,000 after buying an additional 318,715 shares in the last quarter. LSV Asset Management increased its holdings in Ford Motor by 1.6% during the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock worth $252,248,000 after purchasing an additional 312,496 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Ford Motor by 0.7% during the 3rd quarter. Swiss National Bank now owns 11,639,886 shares of the auto manufacturer’s stock worth $122,917,000 after purchasing an additional 84,600 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on F shares. Wells Fargo & Company lowered their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Wolfe Research started coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.02.

Ford Motor Stock Performance

Ford Motor stock opened at $11.10 on Friday. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The company has a market cap of $44.11 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 2.08 and a beta of 1.62. The firm has a 50-day moving average of $10.85 and a 200-day moving average of $11.44. 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 (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same period last year, the business posted $0.39 EPS. Ford Motor’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.41%. 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.