First County Bank CT Lowers Stock Position in Ford Motor (NYSE:F)

First County Bank CT lessened its stake in Ford Motor (NYSE:F) by 18.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,863 shares of the auto manufacturer’s stock after selling 3,238 shares during the period. First County Bank CT’s holdings in Ford Motor were worth $137,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in F. Franklin Resources Inc. boosted its holdings in shares of Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares in the last quarter. Principal Financial Group Inc. lifted its position in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after buying an additional 160,409 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Ford Motor in the third quarter worth approximately $55,456,000. ING Groep NV grew its position in Ford Motor by 93.4% during the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock valued at $12,473,000 after acquiring an additional 570,293 shares during the last quarter. Finally, OneAscent Financial Services LLC purchased a new position in shares of Ford Motor during the third quarter worth approximately $545,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F opened at $9.76 on Wednesday. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The stock has a market cap of $38.79 billion, a P/E ratio of 11.09, a P/E/G ratio of 1.90 and a beta of 1.64. The business’s 50 day moving average price is $10.51 and its 200-day moving average price is $11.06.

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

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Barclays dropped their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.83.

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.