Truist Financial Corp Has $4.85 Million Stock Position in Ford Motor Company $F

Truist Financial Corp reduced its position in shares of Ford Motor Company (NYSE:F) by 80.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 369,336 shares of the auto manufacturer’s stock after selling 1,519,298 shares during the period. Truist Financial Corp’s holdings in Ford Motor were worth $4,846,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust raised its stake in Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,000 shares during the period. Olistico Wealth LLC acquired a new position in Ford Motor during the 4th quarter worth approximately $26,000. Johnson Financial Group Inc. raised its stake in Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after buying an additional 837 shares during the period. Murphy Middleton Hinkle & Parker Inc. acquired a new position in Ford Motor during the 4th quarter worth approximately $29,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Ford Motor during the 3rd quarter worth approximately $32,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on F shares. Wall Street Zen raised Ford Motor from a “sell” rating to a “buy” rating in a research note on Saturday, May 2nd. HSBC boosted their price objective on Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a report on Tuesday, January 13th. Citigroup decreased their price objective on Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada boosted their price objective on Ford Motor from $11.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.56.

Ford Motor Stock Performance

Shares of F opened at $12.33 on Monday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The stock has a 50 day moving average price of $12.24 and a two-hundred day moving average price of $13.00. The firm has a market capitalization of $49.12 billion, a P/E ratio of -7.95, a P/E/G ratio of 0.28 and a beta of 1.65. Ford Motor Company has a 52 week low of $9.88 and a 52 week high of $14.80.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. Equities analysts forecast that Ford Motor Company will post 1.57 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, June 1st. Stockholders of record on Tuesday, May 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. Ford Motor’s dividend payout ratio is currently -38.71%.

Insider Activity

In other Ford Motor news, insider William Clay Ford, Jr. bought 140,000 shares of Ford Motor stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the acquisition, the insider directly owned 3,912,600 shares in the company, valued at approximately $54,072,132. The trade was a 3.71% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.