FineMark National Bank & Trust Lowers Stock Holdings in Ford Motor (NYSE:F)

FineMark National Bank & Trust reduced its stake in Ford Motor (NYSE:F) by 23.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,821 shares of the auto manufacturer’s stock after selling 9,551 shares during the period. FineMark National Bank & Trust’s holdings in Ford Motor were worth $376,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. WBI Investments LLC raised its holdings in shares of Ford Motor by 2,666.8% in the fourth quarter. WBI Investments LLC now owns 418,668 shares of the auto manufacturer’s stock valued at $5,104,000 after acquiring an additional 403,536 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Ford Motor by 29.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock worth $44,000 after acquiring an additional 828 shares during the period. Affinity Investment Advisors LLC grew its stake in Ford Motor by 30.6% during the 4th quarter. Affinity Investment Advisors LLC now owns 33,399 shares of the auto manufacturer’s stock valued at $407,000 after purchasing an additional 7,820 shares during the last quarter. InterOcean Capital Group LLC increased its holdings in shares of Ford Motor by 15.1% in the fourth quarter. InterOcean Capital Group LLC now owns 45,390 shares of the auto manufacturer’s stock valued at $553,000 after purchasing an additional 5,950 shares during the period. Finally, CreativeOne Wealth LLC raised its stake in shares of Ford Motor by 11.3% in the fourth quarter. CreativeOne Wealth LLC now owns 208,527 shares of the auto manufacturer’s stock worth $2,542,000 after purchasing an additional 21,228 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares in the company, valued at $2,038,386.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the transaction, the director now directly owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

Ford Motor Stock Up 0.4 %

Ford Motor stock opened at $12.16 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The stock has a market capitalization of $48.55 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61. The business has a 50 day simple moving average of $12.62 and a 200-day simple moving average of $11.96. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42.

Ford Motor (NYSE:F) last issued 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. The company had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, analysts anticipate that Ford Motor will post 1.97 EPS 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. Investors of record on Wednesday, May 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Analyst Upgrades and Downgrades

F has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Citigroup raised their target price on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. UBS Group upped their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Morgan Stanley lifted 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 upped their target price on Ford Motor from $15.00 to $16.00 and gave the stock 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 five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.89.

Ford Motor 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.