257,948 Ford Motor Company $F Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in Ford Motor Company (NYSE:F) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,653,968 shares of the auto manufacturer’s stock after selling 257,948 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Ford Motor worth $104,367,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ninety One UK Ltd bought a new position in Ford Motor during the third quarter worth $25,000. Manning & Napier Advisors LLC acquired a new position in Ford Motor in the second quarter worth $31,000. Legacy Wealth Managment LLC ID increased its stake in Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares during the last quarter. Cedar Mountain Advisors LLC increased its stake in Ford Motor by 58.1% during the first quarter. Cedar Mountain Advisors LLC now owns 2,940 shares of the auto manufacturer’s stock valued at $34,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in Ford Motor during the third quarter valued at $36,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Up 2.6%

Ford Motor stock opened at $12.57 on Tuesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. Ford Motor Company has a one year low of $11.11 and a one year high of $17.78. The company has a 50-day simple moving average of $12.86 and a 200-day simple moving average of $13.36. The firm has a market capitalization of $50.12 billion, a P/E ratio of -6.38, a P/E/G ratio of 0.25 and a beta of 1.93.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.08. The firm had revenue of $49.53 billion for the quarter, compared to the consensus estimate of $49.08 billion. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.96%. Ford Motor’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. As a group, equities analysts expect that Ford Motor Company will post 1.90 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.60 annualized dividend and a dividend yield of 4.8%. Ford Motor’s dividend payout ratio (DPR) is presently -30.46%.

Analyst Ratings Changes

F has been the topic of a number of recent research reports. Piper Sandler raised their price target on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group lowered their price objective on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 29th. Wall Street Zen lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.50 to $17.50 in a report on Monday, July 27th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $15.02.

Ford Motor Profile

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.