Kentucky Trust Co Purchases Shares of 3,175 Ford Motor (NYSE:F)

Kentucky Trust Co purchased a new stake in shares of Ford Motor (NYSE:F) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,175 shares of the auto manufacturer’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in F. Franklin Resources Inc. grew its stake in shares of Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after acquiring an additional 336,720 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after acquiring an additional 160,409 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of Ford Motor in the third quarter worth $55,456,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Ford Motor in the fourth quarter worth $10,853,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Ford Motor by 12.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer’s stock worth $4,511,000 after acquiring an additional 49,844 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 0.3 %

Shares of NYSE F opened at $9.24 on Thursday. The stock has a market cap of $36.72 billion, a PE ratio of 6.33, a PEG ratio of 1.80 and a beta of 1.63. The business has a fifty day moving average of $10.00 and a two-hundred day moving average of $10.50. Ford Motor has a 52-week low of $9.10 and a 52-week high of $14.85. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.98 and a current ratio of 1.16.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, equities research analysts expect that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.49%. Ford Motor’s dividend payout ratio is 41.10%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on F. JPMorgan Chase & Co. lowered their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Evercore ISI lowered their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada reduced their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.89.

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.