Ford Motor (NYSE:F) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its position in Ford Motor (NYSE:F) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 9,375,847 shares of the auto manufacturer’s stock after purchasing an additional 51,035 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Ford Motor were worth $124,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. lifted its holdings in Ford Motor by 835.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,839 shares during the last quarter. Fortis Group Advisors LLC lifted its holdings in shares of Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 1,086 shares during the last quarter. Voisard Asset Management Group Inc. acquired a new position in shares of Ford Motor in the 4th quarter valued at $27,000. Financial Synergies Wealth Advisors Inc. increased its position in shares of Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,938 shares in the last quarter. Finally, Headinvest LLC acquired a new stake in Ford Motor during the 3rd quarter valued at $31,000. 58.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the transaction, the director now directly owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on F shares. Barclays increased their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler started coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. UBS Group increased their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Citigroup lifted their price objective on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.89.

Ford Motor Stock Performance

Shares of Ford Motor stock traded up $0.03 during trading on Wednesday, reaching $12.90. The company’s stock had a trading volume of 9,878,462 shares, compared to its average volume of 50,889,359. The business’s fifty day moving average price is $12.20 and its 200-day moving average price is $12.25. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The firm has a market cap of $51.50 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. Ford Motor’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. As a group, equities research analysts predict that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s dividend payout ratio is 61.86%.

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.