Newport Trust Company LLC Lowers Stake in Ford Motor Company $F

Newport Trust Company LLC lessened its stake in Ford Motor Company (NYSE:F) by 5.0% during the fourth quarter, HoldingsChannel reports. The firm owned 137,356,677 shares of the auto manufacturer’s stock after selling 7,200,811 shares during the period. Ford Motor comprises approximately 4.3% of Newport Trust Company LLC’s portfolio, making the stock its 8th biggest holding. Newport Trust Company LLC’s holdings in Ford Motor were worth $1,802,120,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Robertson Stephens Wealth Management LLC raised its holdings in Ford Motor by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after acquiring an additional 761 shares during the period. CRA Financial Services LLC raised its holdings in Ford Motor by 4.4% during the 4th quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after acquiring an additional 775 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in Ford Motor by 16.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock valued at $65,000 after acquiring an additional 776 shares during the period. Cyndeo Wealth Partners LLC raised its holdings in Ford Motor by 7.2% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock valued at $153,000 after acquiring an additional 784 shares during the period. Finally, Activest Wealth Management raised its holdings in Ford Motor by 35.3% during the 4th quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock valued at $40,000 after acquiring an additional 794 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 3.4%

Shares of NYSE:F opened at $13.67 on Friday. Ford Motor Company has a 52-week low of $9.88 and a 52-week high of $14.94. The firm has a fifty day moving average of $12.24 and a 200 day moving average of $13.01. The firm has a market capitalization of $54.45 billion, a PE ratio of -8.82, a price-to-earnings-growth ratio of 0.29 and a beta of 1.65. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same period in the prior year, the business posted $0.14 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Ford Motor Company will post 1.6 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, May 12th. Ford Motor’s dividend payout ratio is presently -38.71%.

Analysts Set New Price Targets

F has been the topic of a number of analyst reports. Barclays boosted their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. The Goldman Sachs Group lowered their target price on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.56.

Ford Motor Profile

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.