Ford Motor Company (F) Stake Reduced by First Citizens Bank & Trust Co.
First Citizens Bank & Trust Co. lowered its position in Ford Motor Company (NYSE:F) by 84.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,986 shares of the auto manufacturer’s stock after selling 226,467 shares during the period. First Citizens Bank & Trust Co.’s holdings in Ford Motor Company were worth $506,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Fund Advisors increased its stake in Ford Motor Company by 2.9% in the second quarter. BlackRock Fund Advisors now owns 45,632,847 shares of the auto manufacturer’s stock worth $573,605,000 after buying an additional 1,265,872 shares during the period. BlackRock Group LTD increased its stake in Ford Motor Company by 1.1% in the second quarter. BlackRock Group LTD now owns 32,225,481 shares of the auto manufacturer’s stock worth $405,073,000 after buying an additional 345,115 shares during the period. Legal & General Group Plc increased its stake in Ford Motor Company by 4.4% in the second quarter. Legal & General Group Plc now owns 19,587,535 shares of the auto manufacturer’s stock worth $246,155,000 after buying an additional 826,102 shares during the period. Capital World Investors increased its stake in Ford Motor Company by 139.8% in the second quarter. Capital World Investors now owns 19,245,000 shares of the auto manufacturer’s stock worth $241,910,000 after buying an additional 11,220,000 shares during the period. Finally, Bank of Montreal Can increased its stake in Ford Motor Company by 7.0% in the third quarter. Bank of Montreal Can now owns 14,315,883 shares of the auto manufacturer’s stock worth $172,793,000 after buying an additional 936,836 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Ford Motor Company (NYSE:F) traded up 0.32% during midday trading on Friday, reaching $12.63. The company’s stock had a trading volume of 29,197,105 shares. The firm has a market capitalization of $50.19 billion, a price-to-earnings ratio of 6.98 and a beta of 1.09. Ford Motor Company has a 52 week low of $11.02 and a 52 week high of $14.22. The firm’s 50 day moving average is $12.55 and its 200 day moving average is $12.40.
Ford Motor Company (NYSE:F) last announced its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. The business earned $35.90 billion during the quarter, compared to the consensus estimate of $32.70 billion. Ford Motor Company had a net margin of 4.80% and a return on equity of 26.97%. Ford Motor Company’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities analysts forecast that Ford Motor Company will post $1.80 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Friday, January 20th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Wednesday, January 18th. Ford Motor Company’s payout ratio is 33.15%.
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Several research analysts recently weighed in on F shares. Berenberg Bank reiterated a “sell” rating and set a $10.00 price target on shares of Ford Motor Company in a research report on Monday, November 28th. Goldman Sachs Group, Inc. (The) set a $12.00 price target on Ford Motor Company and gave the company a “hold” rating in a research report on Wednesday. TheStreet cut Ford Motor Company from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Macquarie started coverage on Ford Motor Company in a research report on Wednesday, November 30th. They set a “neutral” rating and a $13.00 price target for the company. Finally, Daiwa Capital Markets upgraded Ford Motor Company from an “underperform” rating to a “neutral” rating and set a $12.00 price target for the company in a research report on Monday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.63.
In related news, VP Bradley M. Gayton sold 12,278 shares of Ford Motor Company stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $12.44, for a total transaction of $152,738.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ziad S. Ojakli sold 10,000 shares of Ford Motor Company stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $11.86, for a total transaction of $118,600.00. Following the sale, the insider now directly owns 503,246 shares of the company’s stock, valued at approximately $5,968,497.56. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Ford Motor Company Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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