M&T Bank Corp Sells 20,822 Shares of Ford Motor (NYSE:F)

M&T Bank Corp cut its stake in Ford Motor (NYSE:F) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 252,274 shares of the auto manufacturer’s stock after selling 20,822 shares during the quarter. M&T Bank Corp’s holdings in Ford Motor were worth $3,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. lifted its holdings in Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,839 shares during the period. Milestone Investment Advisors LLC purchased a new stake in Ford Motor during the third quarter worth about $27,000. Peoples Bank KS purchased a new position in Ford Motor in the third quarter valued at about $29,000. Provence Wealth Management Group bought a new position in shares of Ford Motor during the 3rd quarter valued at approximately $31,000. Finally, Headinvest LLC bought a new stake in shares of Ford Motor in the third quarter valued at $31,000. Institutional investors own 58.74% of the company’s stock.

Insider Activity at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on F shares. Royal Bank of Canada lifted their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Redburn Atlantic started coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. Piper Sandler started coverage on shares of Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. Morgan Stanley boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Barclays boosted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.74.

Ford Motor Price Performance

F opened at $12.17 on Wednesday. The stock has a market capitalization of $48.57 billion, a P/E ratio of 12.54, a PEG ratio of 0.84 and a beta of 1.61. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The stock has a 50-day moving average price of $12.65 and a 200-day moving average price of $11.81.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. During the same period last year, the firm posted $0.63 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. Equities analysts predict that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.93%. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

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.