Washington Trust Bank Has $116,000 Stock Holdings in Ford Motor Company $F

Washington Trust Bank trimmed its stake in shares of Ford Motor Company (NYSE:F) by 58.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,683 shares of the auto manufacturer’s stock after selling 14,888 shares during the quarter. Washington Trust Bank’s holdings in Ford Motor were worth $116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in F. Trust Co. of Toledo NA OH acquired a new stake in Ford Motor during the 2nd quarter valued at approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Ford Motor in the 2nd quarter valued at $30,000. AlphaQuest LLC increased its position in shares of Ford Motor by 1,018.5% during the second quarter. AlphaQuest LLC now owns 3,087 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 2,811 shares during the period. City Holding Co. raised its stake in Ford Motor by 47.8% during the second quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after buying an additional 1,000 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in Ford Motor by 128.6% during the second quarter. ST Germain D J Co. Inc. now owns 3,182 shares of the auto manufacturer’s stock worth $35,000 after buying an additional 1,790 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

F has been the topic of a number of research analyst reports. Dbs Bank cut shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Wells Fargo & Company boosted their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Ford Motor in a research report on Wednesday. The Goldman Sachs Group raised their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Finally, Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $11.73.

Ford Motor Stock Performance

Shares of F stock opened at $13.13 on Friday. The company has a market cap of $52.30 billion, a P/E ratio of 11.31, a P/E/G ratio of 4.03 and a beta of 1.60. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The firm has a 50-day moving average of $12.11 and a 200-day moving average of $11.29. Ford Motor Company has a one year low of $8.44 and a one year high of $13.97.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.Ford Motor’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.49 earnings per share. Equities research analysts forecast that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, November 7th. Ford Motor’s payout ratio is presently 51.72%.

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.