Trust Investment Advisors Sells 30,467 Shares of Ford Motor (NYSE:F)

Trust Investment Advisors cut its holdings in Ford Motor (NYSE:F) by 29.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 72,304 shares of the auto manufacturer’s stock after selling 30,467 shares during the quarter. Trust Investment Advisors’ holdings in Ford Motor were worth $881,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Snider Financial Group boosted its position in Ford Motor by 100,345.2% during the first quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after purchasing an additional 219,586,336 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ford Motor by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock worth $1,085,406,000 after buying an additional 2,657,650 shares during the period. Geode Capital Management LLC grew its stake in Ford Motor by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 70,775,476 shares of the auto manufacturer’s stock valued at $889,831,000 after buying an additional 863,591 shares during the last quarter. Northern Trust Corp raised its holdings in Ford Motor by 3.8% in the 3rd quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock worth $473,312,000 after acquiring an additional 1,392,408 shares during the period. Finally, Norges Bank acquired a new position in Ford Motor during the 4th quarter worth $419,237,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

F traded up $0.02 during midday trading on Thursday, reaching $12.06. 39,592,313 shares of the company’s stock were exchanged, compared to its average volume of 53,240,910. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33. The business has a 50-day simple moving average of $12.61 and a two-hundred day simple moving average of $11.76. The firm has a market capitalization of $47.92 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63. Ford Motor has a one year low of $9.63 and a one year high of $15.42.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.17. The business had revenue of $43.21 billion during the quarter, compared to analysts’ expectations of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. Ford Motor’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. As a group, research analysts predict that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.33 dividend. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s dividend payout ratio is presently 55.56%.

Wall Street Analysts Forecast Growth

F has been the topic of several research analyst reports. UBS Group downgraded Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research report on Wednesday, January 17th. Barclays raised their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Piper Sandler started coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 price objective on shares of Ford Motor in a research note on Wednesday, February 7th. Finally, Morgan Stanley upped their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and an average target price of $13.82.

Insider Transactions at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.80% of the stock is owned by insiders.

About Ford Motor

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.