FineMark National Bank & Trust Reduces Stock Holdings in Ford Motor (NYSE:F)

FineMark National Bank & Trust lowered its holdings in Ford Motor (NYSE:F) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,936 shares of the auto manufacturer’s stock after selling 3,933 shares during the quarter. FineMark National Bank & Trust’s holdings in Ford Motor were worth $257,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in F. Quest Partners LLC purchased a new position in shares of Ford Motor during the 3rd quarter valued at about $96,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ford Motor during the third quarter worth about $186,000. Great Valley Advisor Group Inc. raised its position in Ford Motor by 2.9% during the third quarter. Great Valley Advisor Group Inc. now owns 58,914 shares of the auto manufacturer’s stock valued at $622,000 after acquiring an additional 1,652 shares in the last quarter. Cerity Partners LLC boosted its position in Ford Motor by 10.8% in the 3rd quarter. Cerity Partners LLC now owns 324,052 shares of the auto manufacturer’s stock worth $3,422,000 after purchasing an additional 31,707 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in Ford Motor by 36.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 123,911 shares of the auto manufacturer’s stock worth $1,309,000 after purchasing an additional 33,138 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 0.3 %

Shares of F opened at $10.32 on Thursday. The firm’s fifty day moving average is $9.76 and its two-hundred day moving average is $10.29. The stock has a market cap of $40.89 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a 52-week low of $9.06 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Research analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.82%. Ford Motor’s dividend payout ratio is presently 41.10%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Piper Sandler dropped their target price on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. BNP Paribas raised Ford Motor to a “hold” rating in a report on Monday, February 10th. Finally, Bank of America lowered their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average price target of $11.50.

About Ford Motor

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.