First Citizens Bank & Trust Co. Buys 43,522 Shares of Ford Motor Company $F

First Citizens Bank & Trust Co. raised its stake in shares of Ford Motor Company (NYSE:F) by 117.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 80,574 shares of the auto manufacturer’s stock after purchasing an additional 43,522 shares during the period. First Citizens Bank & Trust Co.’s holdings in Ford Motor were worth $972,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signal Advisors Wealth LLC lifted its holdings in shares of Ford Motor by 3.0% during the 3rd quarter. Signal Advisors Wealth LLC now owns 79,669 shares of the auto manufacturer’s stock worth $961,000 after acquiring an additional 2,283 shares during the last quarter. Contravisory Investment Management Inc. grew its position in Ford Motor by 5.2% in the third quarter. Contravisory Investment Management Inc. now owns 665,988 shares of the auto manufacturer’s stock worth $8,032,000 after acquiring an additional 32,813 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in Ford Motor in the third quarter valued at $211,000. Steel Grove Capital Advisors LLC increased its stake in Ford Motor by 2.0% in the third quarter. Steel Grove Capital Advisors LLC now owns 172,943 shares of the auto manufacturer’s stock valued at $2,086,000 after acquiring an additional 3,449 shares during the last quarter. Finally, Sax Wealth Advisors LLC increased its stake in Ford Motor by 31.2% in the third quarter. Sax Wealth Advisors LLC now owns 22,292 shares of the auto manufacturer’s stock valued at $269,000 after acquiring an additional 5,301 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 2.3%

F stock opened at $12.33 on Friday. The company has a market capitalization of $49.15 billion, a PE ratio of -6.59, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93. Ford Motor Company has a one year low of $11.11 and a one year high of $17.78. The company’s 50 day moving average price is $13.36 and its two-hundred day moving average price is $13.56. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The firm had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period in the previous year, the business posted $0.37 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on F shares. Wells Fargo & Company raised their price target on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. BNP Paribas Exane lifted their price target on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. Barclays upped their price objective on Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, UBS Group reduced their price objective on Ford Motor from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average target price of $15.36.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.