Ford Motor (NYSE:F) Shares Sold by Intrust Bank NA

Intrust Bank NA decreased its holdings in Ford Motor (NYSE:F) by 13.1% in the fourth quarter, Holdings Channel reports. The fund owned 64,275 shares of the auto manufacturer’s stock after selling 9,695 shares during the period. Intrust Bank NA’s holdings in Ford Motor were worth $784,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. PDS Planning Inc boosted its position in shares of Ford Motor by 9.7% during the 3rd quarter. PDS Planning Inc now owns 11,743 shares of the auto manufacturer’s stock valued at $146,000 after acquiring an additional 1,034 shares during the last quarter. Busey Trust CO boosted its holdings in Ford Motor by 8.0% in the 3rd quarter. Busey Trust CO now owns 20,388 shares of the auto manufacturer’s stock valued at $253,000 after purchasing an additional 1,512 shares during the last quarter. SVB Wealth LLC boosted its holdings in Ford Motor by 2.8% in the 3rd quarter. SVB Wealth LLC now owns 65,267 shares of the auto manufacturer’s stock valued at $811,000 after purchasing an additional 1,756 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Ford Motor by 151.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,496,403 shares of the auto manufacturer’s stock valued at $55,845,000 after buying an additional 2,707,038 shares during the period. Finally, Xponance Inc. increased its holdings in shares of Ford Motor by 3.3% during the 3rd quarter. Xponance Inc. now owns 495,045 shares of the auto manufacturer’s stock worth $6,148,000 after buying an additional 15,601 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on F. Citigroup boosted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Morgan Stanley raised their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. UBS Group boosted their price objective on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price for the company. Finally, Redburn Atlantic started coverage on Ford Motor in a research report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.02.

Ford Motor Trading Down 4.7 %

Shares of Ford Motor stock opened at $12.15 on Wednesday. The company has a fifty day simple moving average of $12.63 and a 200-day simple moving average of $11.79. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The stock has a market cap of $48.28 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.86 and a beta of 1.63.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. Ford Motor’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, equities analysts forecast that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be given a $0.15 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.94%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Ford Motor Company 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.