Trust Co Trims Holdings in Ford Motor (F)

Trust Co reduced its stake in Ford Motor (NYSE:F) by 29.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,682 shares of the auto manufacturer’s stock after selling 14,178 shares during the period. Trust Co’s holdings in Ford Motor were worth $415,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Coldstream Capital Management Inc. increased its holdings in shares of Ford Motor by 0.7% in the 2nd quarter. Coldstream Capital Management Inc. now owns 12,205 shares of the auto manufacturer’s stock worth $137,000 after buying an additional 89 shares during the last quarter. Balentine LLC increased its holdings in shares of Ford Motor by 4.0% in the 2nd quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 365 shares during the last quarter. Cutter & CO Brokerage Inc. increased its holdings in shares of Ford Motor by 2.6% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 24,249 shares of the auto manufacturer’s stock worth $271,000 after buying an additional 604 shares during the last quarter. Arete Wealth Advisors LLC increased its holdings in shares of Ford Motor by 3.6% in the 2nd quarter. Arete Wealth Advisors LLC now owns 17,707 shares of the auto manufacturer’s stock worth $198,000 after buying an additional 622 shares during the last quarter. Finally, Hudock Capital Group LLC increased its holdings in shares of Ford Motor by 4.5% in the 2nd quarter. Hudock Capital Group LLC now owns 14,836 shares of the auto manufacturer’s stock worth $166,000 after buying an additional 643 shares during the last quarter. Institutional investors own 53.61% of the company’s stock.

In other news, insider Hau N. Thai-Tang sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $12.50, for a total value of $237,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven R. Armstrong sold 10,752 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $12.32, for a total transaction of $132,464.64. Following the completion of the sale, the insider now directly owns 101,159 shares of the company’s stock, valued at approximately $1,246,278.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,752 shares of company stock valued at $603,965. 1.08% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, December 26th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Ford Motor in a research note on Tuesday, November 28th. Vetr raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $13.34 price target for the company in a research note on Wednesday, October 4th. ValuEngine raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $13.00 price target on shares of Ford Motor in a research note on Monday, October 16th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $12.62.

Ford Motor (F) traded down $0.05 during trading on Thursday, reaching $13.03. 56,515,504 shares of the company’s stock traded hands, compared to its average volume of 36,058,117. The stock has a market cap of $52,180.00, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.08 and a current ratio of 1.19. Ford Motor has a 12 month low of $10.47 and a 12 month high of $13.22.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.10. The company had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. research analysts predict that Ford Motor will post 1.81 earnings per share for the current year.

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About Ford Motor

Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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