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

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Ford Motor Company (NYSE:F) by 2.9% during the third quarter, Holdings Channel.com reports. The firm owned 8,653,968 shares of the auto manufacturer’s stock after selling 257,948 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ford Motor were worth $104,367,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Ford Motor during the 3rd quarter worth about $58,605,000. Vise Technologies Inc. boosted its holdings in shares of Ford Motor by 4.6% in the third quarter. Vise Technologies Inc. now owns 239,180 shares of the auto manufacturer’s stock valued at $2,885,000 after acquiring an additional 10,600 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of Ford Motor by 0.9% in the third quarter. Cidel Asset Management Inc. now owns 121,708 shares of the auto manufacturer’s stock valued at $1,468,000 after acquiring an additional 1,102 shares in the last quarter. Global Assets Advisory LLC boosted its holdings in shares of Ford Motor by 4.4% in the third quarter. Global Assets Advisory LLC now owns 22,122 shares of the auto manufacturer’s stock valued at $269,000 after acquiring an additional 924 shares in the last quarter. Finally, MGO One Seven LLC increased its stake in shares of Ford Motor by 5.2% during the third quarter. MGO One Seven LLC now owns 111,541 shares of the auto manufacturer’s stock valued at $1,345,000 after acquiring an additional 5,548 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen cut Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. UBS Group decreased their price target on Ford Motor from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Royal Bank Of Canada lowered their price target on Ford Motor from $15.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 29th. Finally, Citigroup raised Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.02.

Ford Motor Stock Performance

Shares of F opened at $12.57 on Tuesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The firm’s 50 day moving average is $12.86 and its 200-day moving average is $13.36. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78. The stock 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 released its earnings results on Wednesday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.41 by $0.08. The business had revenue of $49.53 billion during the quarter, compared to analyst estimates of $49.08 billion. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.96%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. Equities research analysts anticipate that Ford Motor Company will post 1.90 EPS for the current fiscal year.

Ford Motor Dividend Announcement

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

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.