Raymond James Trust N.A. Trims Holdings in Ford Motor (NYSE:F)

Raymond James Trust N.A. reduced its holdings in shares of Ford Motor (NYSE:F) by 9.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 44,339 shares of the auto manufacturer’s stock after selling 4,562 shares during the period. Raymond James Trust N.A.’s holdings in Ford Motor were worth $468,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Olistico Wealth LLC purchased a new position in Ford Motor during the 2nd quarter worth $25,000. Family Firm Inc. acquired a new position in Ford Motor during the 2nd quarter worth approximately $26,000. Quarry LP purchased a new position in shares of Ford Motor during the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC acquired a new stake in shares of Ford Motor in the 2nd quarter valued at approximately $28,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Ford Motor in the second quarter valued at approximately $30,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE:F opened at $11.10 on Wednesday. The firm has a market capitalization of $44.11 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.04 and a beta of 1.62. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The firm’s fifty day simple moving average is $10.85 and its 200 day simple moving average is $11.44.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 EPS. As a group, equities research analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

Analysts Set New Price Targets

Several brokerages recently commented on F. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft decreased their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Wolfe Research started coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.02.

Ford Motor 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.