First Bancorp Inc ME Has $155,000 Position in Ford Motor Company $F

First Bancorp Inc ME cut its position in shares of Ford Motor Company (NYSE:F) by 32.3% during the second quarter, Holdings Channel reports. The institutional investor owned 14,250 shares of the auto manufacturer’s stock after selling 6,809 shares during the quarter. First Bancorp Inc ME’s holdings in Ford Motor were worth $155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in F. Trust Co. of Toledo NA OH acquired a new stake in Ford Motor during the second quarter worth about $25,000. Elite Financial Inc. acquired a new stake in Ford Motor during the first quarter worth about $27,000. Olde Wealth Management LLC acquired a new stake in Ford Motor during the first quarter worth about $28,000. MorganRosel Wealth Management LLC acquired a new stake in Ford Motor during the first quarter worth about $30,000. Finally, WPG Advisers LLC acquired a new stake in Ford Motor during the first quarter worth about $33,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE:F opened at $11.93 on Friday. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $12.80. The firm has a 50 day moving average of $11.72 and a 200-day moving average of $10.94. 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 market capitalization of $47.46 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 3.47 and a beta of 1.53.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating 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 company had revenue of $50.18 billion during the quarter, compared to analysts’ expectations of $42.91 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. Ford Motor’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, August 11th. Ford Motor’s payout ratio is 76.92%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on F shares. Dbs Bank downgraded Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Piper Sandler raised their price target on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. UBS Group raised their price target on shares of Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ford Motor in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.04.

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.