Chevy Chase Trust Holdings LLC Has $23.86 Million Stock Holdings in Ford Motor Company $F

Chevy Chase Trust Holdings LLC trimmed its position in Ford Motor Company (NYSE:F) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,994,966 shares of the auto manufacturer’s stock after selling 68,078 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Ford Motor were worth $23,860,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Corsicana & Co. bought a new position in Ford Motor in the third quarter worth approximately $25,000. Country Trust Bank bought a new stake in shares of Ford Motor during the second quarter valued at approximately $27,000. Capital A Wealth Management LLC increased its holdings in shares of Ford Motor by 990.9% during the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 2,279 shares in the last quarter. Johnson Financial Group Inc. raised its position in shares of Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares during the period. Finally, Salomon & Ludwin LLC raised its position in shares of Ford Motor by 86.6% during the third quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 1,083 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider William Clay Ford, Jr. acquired 140,000 shares of Ford Motor stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the transaction, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This trade represents a 3.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on F. JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. TD Cowen raised their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. Morgan Stanley lifted their price objective on shares of Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, December 22nd. Finally, Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.29.

Ford Motor Trading Up 0.4%

Shares of Ford Motor stock opened at $11.72 on Tuesday. The company has a market capitalization of $46.74 billion, a P/E ratio of -5.69, a price-to-earnings-growth ratio of 0.27 and a beta of 1.65. The stock has a fifty day simple moving average of $13.53 and a 200 day simple moving average of $12.94. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $14.80. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The firm had revenue of $45.89 billion for the quarter, compared to the consensus estimate of $41.78 billion. During the same period in the previous year, the firm earned $0.39 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 5.1%. Ford Motor’s payout ratio is -29.13%.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.