Trustmark National Bank Trust Department Sells 3,038 Shares of Ford Motor (NYSE:F)

Trustmark National Bank Trust Department lowered its stake in Ford Motor (NYSE:F) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,810 shares of the auto manufacturer’s stock after selling 3,038 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Ford Motor were worth $728,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in F. Sequoia Financial Advisors LLC grew its position in shares of Ford Motor by 15.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after buying an additional 44,581 shares during the period. CVA Family Office LLC acquired a new stake in shares of Ford Motor during the 4th quarter worth approximately $56,000. Cerity Partners LLC grew its position in shares of Ford Motor by 287.4% during the 4th quarter. Cerity Partners LLC now owns 606,057 shares of the auto manufacturer’s stock worth $7,388,000 after buying an additional 449,604 shares during the period. Wedmont Private Capital grew its position in shares of Ford Motor by 33.1% during the 1st quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock worth $232,000 after buying an additional 4,255 shares during the period. Finally, Advisor Resource Council acquired a new stake in shares of Ford Motor during the 4th quarter worth approximately $308,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on F shares. UBS Group increased their target price on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Citigroup raised their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Royal Bank of Canada raised their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Sanford C. Bernstein initiated coverage on Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Barclays lifted their price objective on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.18.

Insider Activity

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the transaction, the director now directly owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.80% of the company’s stock.

Ford Motor Price Performance

NYSE:F traded down $0.17 during mid-day trading on Tuesday, reaching $13.95. The stock had a trading volume of 64,970,153 shares, compared to its average volume of 51,447,602. The firm has a 50 day moving average price of $12.54 and a two-hundred day moving average price of $12.40. The stock has a market capitalization of $55.69 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.90 and a beta of 1.62. Ford Motor has a one year low of $9.63 and a one year high of $14.85. 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 released its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same quarter in the previous year, the company posted $0.63 EPS. Ford Motor’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts expect that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.30%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

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.