Stock Yards Bank & Trust Co. Cuts Stake in Ford Motor (NYSE:F)

Stock Yards Bank & Trust Co. reduced its position in Ford Motor (NYSE:F) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,182 shares of the auto manufacturer’s stock after selling 12,483 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Ford Motor were worth $746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its holdings in Ford Motor by 151.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,496,403 shares of the auto manufacturer’s stock valued at $55,845,000 after purchasing an additional 2,707,038 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Ford Motor by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock valued at $1,085,406,000 after purchasing an additional 2,657,650 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Ford Motor by 1,084.8% in the fourth quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock valued at $32,876,000 after purchasing an additional 2,469,344 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Ford Motor by 21.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock valued at $153,421,000 after purchasing an additional 2,190,915 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in Ford Motor by 134.9% in the third quarter. Quadrature Capital Ltd now owns 3,630,986 shares of the auto manufacturer’s stock valued at $45,115,000 after purchasing an additional 2,085,031 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on F. Barclays upped their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Redburn Atlantic began coverage on shares of Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 price objective on shares of Ford Motor in a research report on Wednesday, February 7th. UBS Group downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research report on Wednesday, January 17th. Finally, Piper Sandler began coverage on shares of Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.82.

Ford Motor Stock Up 0.5 %

F opened at $12.95 on Wednesday. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33. The company has a 50-day moving average price of $12.59 and a 200 day moving average price of $11.77. The company has a market cap of $51.44 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The firm had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $43.06 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts expect that Ford Motor will post 1.9 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s dividend payout ratio (DPR) is presently 55.56%.

Insider Buying and Selling

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

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.