Bank & Trust Co Acquires 11,024 Shares of Ford Motor (NYSE:F)

Bank & Trust Co grew its holdings in Ford Motor (NYSE:F) by 54.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,339 shares of the auto manufacturer’s stock after purchasing an additional 11,024 shares during the period. Bank & Trust Co’s holdings in Ford Motor were worth $314,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. HBW Advisory Services LLC raised its holdings in shares of Ford Motor by 25.5% during the first quarter. HBW Advisory Services LLC now owns 12,710 shares of the auto manufacturer’s stock valued at $127,000 after purchasing an additional 2,580 shares during the last quarter. Merit Financial Group LLC grew its position in Ford Motor by 48.9% in the 1st quarter. Merit Financial Group LLC now owns 81,580 shares of the auto manufacturer’s stock worth $818,000 after purchasing an additional 26,782 shares during the period. NBC Securities Inc. raised its stake in Ford Motor by 91,763.8% during the 1st quarter. NBC Securities Inc. now owns 53,281 shares of the auto manufacturer’s stock valued at $534,000 after buying an additional 53,223 shares during the last quarter. Czech National Bank lifted its holdings in shares of Ford Motor by 5.6% during the 1st quarter. Czech National Bank now owns 894,069 shares of the auto manufacturer’s stock valued at $8,968,000 after buying an additional 47,726 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its holdings in shares of Ford Motor by 3.2% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 51,748 shares of the auto manufacturer’s stock valued at $519,000 after buying an additional 1,589 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on F shares. TD Cowen initiated coverage on Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 price objective for the company. Evercore ISI cut their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Bank of America reduced their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Sanford C. Bernstein downgraded shares of Ford Motor from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $9.40 to $7.00 in a report on Wednesday, April 9th. Finally, Barclays boosted their target price on shares of Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.03.

Ford Motor Price Performance

NYSE:F opened at $9.97 on Tuesday. The business’s 50-day simple moving average is $9.99 and its two-hundred day simple moving average is $10.01. Ford Motor has a 52 week low of $8.44 and a 52 week high of $14.85. The stock has a market cap of $39.63 billion, a PE ratio of 6.83, a P/E/G ratio of 0.61 and a beta of 1.53. 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 (NYSE:F) last released its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. The firm had revenue of $40.66 billion during the quarter, compared to analysts’ expectations of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. As a group, analysts forecast that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 6.02%. Ford Motor’s payout ratio is 48.00%.

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.