Fiduciary Trust Co. Has $1.25 Million Holdings in Ford Motor (F)
Fiduciary Trust Co. boosted its holdings in Ford Motor (NYSE:F) by 154.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 142,537 shares of the auto manufacturer’s stock after buying an additional 86,478 shares during the period. Fiduciary Trust Co.’s holdings in Ford Motor were worth $1,251,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of F. Motco grew its position in shares of Ford Motor by 1,162.6% during the first quarter. Motco now owns 2,904 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 2,674 shares in the last quarter. JNBA Financial Advisors lifted its holdings in shares of Ford Motor by 100.0% in the 1st quarter. JNBA Financial Advisors now owns 3,000 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 1,500 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of Ford Motor in the 1st quarter valued at about $27,000. Howe & Rusling Inc. lifted its holdings in shares of Ford Motor by 173.0% in the 4th quarter. Howe & Rusling Inc. now owns 3,631 shares of the auto manufacturer’s stock valued at $28,000 after acquiring an additional 2,301 shares during the last quarter. Finally, Lavaca Capital LLC bought a new position in shares of Ford Motor in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 52.77% of the company’s stock.
A number of research analysts recently commented on the stock. Bank of America raised shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price target for the company from $13.00 to $14.00 in a report on Friday, May 10th. ValuEngine raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. BMO Capital Markets increased their price target on shares of Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a report on Monday, May 6th. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Tuesday, April 30th. Finally, Jefferies Financial Group raised shares of Ford Motor to a “buy” rating and increased their price target for the company from $11.00 to $12.50 in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $10.48.
Shares of NYSE F opened at $10.28 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 2.82. The stock has a market capitalization of $40.89 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.02 and a beta of 1.12. Ford Motor has a 1 year low of $7.41 and a 1 year high of $12.15.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.18. The business had revenue of $40.34 billion during the quarter, compared to the consensus estimate of $37.37 billion. Ford Motor had a net margin of 1.94% and a return on equity of 14.41%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. On average, sell-side analysts predict that Ford Motor will post 1.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.84%. The ex-dividend date is Tuesday, April 23rd. Ford Motor’s payout ratio is currently 46.15%.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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