Huntington National Bank trimmed its position in shares of Ford Motor (NYSE:F) by 25.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,635 shares of the auto manufacturer’s stock after selling 122,101 shares during the period. Huntington National Bank’s holdings in Ford Motor were worth $4,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of F. Signature Estate & Investment Advisors LLC purchased a new stake in Ford Motor during the 4th quarter valued at $186,000. PFG Advisors purchased a new stake in Ford Motor during the 4th quarter valued at $196,000. Dowling & Yahnke LLC raised its holdings in Ford Motor by 10.8% during the 4th quarter. Dowling & Yahnke LLC now owns 89,709 shares of the auto manufacturer’s stock valued at $1,120,000 after buying an additional 8,775 shares during the period. Charter Research & Investment Group Inc. purchased a new stake in Ford Motor during the 4th quarter valued at $1,728,000. Finally, Meeder Asset Management Inc. purchased a new stake in Ford Motor during the 4th quarter valued at $1,127,000. 54.06% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor (NYSE:F) traded up $0.13 on Wednesday, hitting $10.72. The stock had a trading volume of 18,869,476 shares, compared to its average volume of 58,298,066. Ford Motor has a fifty-two week low of $10.19 and a fifty-two week high of $13.48. The company has a quick ratio of 1.12, a current ratio of 1.23 and a debt-to-equity ratio of 2.94. The company has a market cap of $42,580.00, a P/E ratio of 5.64, a price-to-earnings-growth ratio of 0.64 and a beta of 1.14.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. The firm had revenue of $38.50 billion for the quarter, compared to the consensus estimate of $36.96 billion. During the same period in the previous year, the company posted $0.30 EPS. Ford Motor’s quarterly revenue was up 6.9% compared to the same quarter last year. equities analysts forecast that Ford Motor will post 1.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, January 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Monday, January 29th. Ford Motor’s payout ratio is currently 31.58%.
In related news, Director John C. Lechleiter acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $10.28 per share, with a total value of $51,400.00. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at $308,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven R. Armstrong sold 10,752 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total value of $132,464.64. Following the sale, the insider now directly owns 101,159 shares in the company, valued at approximately $1,246,278.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,752 shares of company stock worth $603,965. 1.08% of the stock is owned by corporate insiders.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, December 20th. ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Cascend Securities downgraded Ford Motor to a “buy” rating in a research report on Tuesday, December 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Ford Motor in a research report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.54.
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Ford Motor Company Profile
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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