Washington Trust Bank Sells 14,888 Shares of Ford Motor Company $F

Washington Trust Bank lessened its stake in shares of Ford Motor Company (NYSE:F) by 58.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,683 shares of the auto manufacturer’s stock after selling 14,888 shares during the quarter. Washington Trust Bank’s holdings in Ford Motor were worth $116,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Toledo NA OH purchased a new position in shares of Ford Motor during the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Ford Motor in the second quarter worth $30,000. WPG Advisers LLC bought a new stake in Ford Motor during the first quarter valued at $33,000. Rise Advisors LLC increased its stake in Ford Motor by 316.5% in the 1st quarter. Rise Advisors LLC now owns 3,303 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 2,510 shares during the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of Ford Motor by 1,018.5% in the 2nd quarter. AlphaQuest LLC now owns 3,087 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 2,811 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

F opened at $13.13 on Friday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $13.97. The firm has a market cap of $52.30 billion, a PE ratio of 11.31, a P/E/G ratio of 4.03 and a beta of 1.60. The stock has a 50-day moving average price of $12.11 and a 200-day moving average price of $11.29.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. Ford Motor’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, November 7th. Ford Motor’s dividend payout ratio (DPR) is 51.72%.

Analysts Set New Price Targets

F has been the subject of several recent analyst reports. UBS Group boosted their price objective on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Barclays increased their target price on Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. Finally, Royal Bank Of Canada lifted their price target on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.73.

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.