First Citizens Bank & Trust Co. Sells 1,967 Shares of Ford Motor (NYSE:F)

First Citizens Bank & Trust Co. trimmed its stake in Ford Motor (NYSE:F) by 15.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,914 shares of the auto manufacturer’s stock after selling 1,967 shares during the period. First Citizens Bank & Trust Co.’s holdings in Ford Motor were worth $137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the business. Olistico Wealth LLC purchased a new stake in Ford Motor during the second quarter worth $25,000. Fortis Group Advisors LLC increased its position in shares of Ford Motor by 100.0% in the 4th 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 stake in shares of Ford Motor during the 4th quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in 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 valued at $27,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Fairman Group LLC purchased a new position in Ford Motor in the fourth quarter valued at approximately $31,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on F. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Citigroup boosted their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Barclays dropped their price target on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Royal Bank of Canada decreased their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. Finally, The Goldman Sachs Group cut their target price on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $13.48.

Ford Motor Stock Performance

Shares of NYSE:F remained flat at $10.72 during midday trading on Tuesday. The stock had a trading volume of 15,967,209 shares, compared to its average volume of 54,642,281. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The firm has a market capitalization of $42.80 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62. The stock’s fifty day moving average is $11.99 and its 200 day moving average is $12.29. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 EPS. As a group, analysts anticipate that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

Insider Activity at Ford Motor

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the transaction, the director now 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 SEC, which is available through the SEC website. 0.80% of the stock is currently owned by insiders.

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.