Ford Motor Company $F Shares Sold by Synovus Financial Corp

Synovus Financial Corp lowered its position in shares of Ford Motor Company (NYSE:F) by 15.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,010 shares of the auto manufacturer’s stock after selling 12,732 shares during the quarter. Synovus Financial Corp’s holdings in Ford Motor were worth $682,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Grove Bank & Trust raised its holdings in shares of Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,882 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of Ford Motor during the first quarter valued at approximately $27,000. Olde Wealth Management LLC purchased a new stake in shares of Ford Motor in the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Ford Motor in the first quarter valued at approximately $30,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Ford Motor in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Activity at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on F shares. The Goldman Sachs Group upped their price target on Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Piper Sandler upped their price target on Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Barclays upped their price target on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Royal Bank Of Canada upped their price target on Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $10.53.

Ford Motor Trading Up 0.7%

Shares of Ford Motor stock opened at $11.93 on Thursday. The firm has a market capitalization of $47.46 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 3.39 and a beta of 1.48. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $11.98. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The stock has a 50 day moving average of $11.30 and a 200 day moving average of $10.39.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same period in the prior year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Monday, August 11th. Ford Motor’s dividend payout ratio (DPR) is currently 76.92%.

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.