Newport Trust Company LLC Cuts Stock Position in Ford Motor Company $F

Newport Trust Company LLC cut its holdings in Ford Motor Company (NYSE:F) by 1.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 150,349,011 shares of the auto manufacturer’s stock after selling 2,295,993 shares during the quarter. Ford Motor makes up about 3.9% of Newport Trust Company LLC’s holdings, making the stock its 8th largest holding. Newport Trust Company LLC’s holdings in Ford Motor were worth $1,508,001,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Grove Bank & Trust boosted its holdings in shares of Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,882 shares during the period. Elite Financial Inc. bought a new stake in Ford Motor in the 1st quarter valued at $27,000. Olde Wealth Management LLC acquired a new position in Ford Motor in the 1st quarter worth $28,000. MorganRosel Wealth Management LLC bought a new position in Ford Motor during the 1st quarter worth about $30,000. Finally, Spurstone Advisory Services LLC bought a new position in Ford Motor during the 4th quarter worth about $31,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

F has been the topic of a number of research reports. Barclays boosted their price target on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. UBS Group upped their price target on Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Royal Bank Of Canada lifted their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Reduce” and a consensus price target of $10.53.

Ford Motor Trading Down 1.3%

NYSE F opened at $11.3350 on Friday. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $11.97. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The stock has a 50 day moving average of $11.20 and a 200-day moving average of $10.33. The company has a market cap of $45.11 billion, a PE ratio of 14.53, a PEG ratio of 3.32 and a beta of 1.48.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business had revenue of $50.18 billion for the quarter, compared to the consensus estimate of $42.91 billion. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. On average, equities research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor’s dividend payout ratio is presently 76.92%.

Ford Motor 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.