Glenview Trust co Reduces Holdings in Ford Motor (NYSE:F)

Glenview Trust co decreased its holdings in Ford Motor (NYSE:F) by 32.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,247 shares of the auto manufacturer’s stock after selling 5,847 shares during the quarter. Glenview Trust co’s holdings in Ford Motor were worth $121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sovereign Investment Advisors LLC purchased a new position in Ford Motor during the fourth quarter valued at approximately $147,000. Harbour Investments Inc. lifted its holdings in Ford Motor by 53.4% during the fourth quarter. Harbour Investments Inc. now owns 164,521 shares of the auto manufacturer’s stock valued at $1,629,000 after purchasing an additional 57,301 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in Ford Motor by 55.5% during the fourth quarter. Frank Rimerman Advisors LLC now owns 59,752 shares of the auto manufacturer’s stock valued at $592,000 after purchasing an additional 21,319 shares in the last quarter. Essential Planning LLC. purchased a new position in Ford Motor during the fourth quarter valued at approximately $918,000. Finally, HighTower Advisors LLC lifted its holdings in Ford Motor by 15.3% during the fourth quarter. HighTower Advisors LLC now owns 954,931 shares of the auto manufacturer’s stock valued at $9,454,000 after purchasing an additional 126,515 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 0.3 %

Shares of F opened at $9.95 on Wednesday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company’s fifty day moving average is $9.71 and its 200 day moving average is $10.31. The stock has a market capitalization of $39.42 billion, a PE ratio of 6.81, a P/E/G ratio of 0.61 and a beta of 1.59. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Sell-side analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Analyst Ratings Changes

Several research firms have recently issued reports on F. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $12.00 to $9.00 in a research report on Monday, December 16th. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Bank of America reduced their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Finally, TD Cowen began coverage on shares of Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.68.

Ford Motor Company Profile

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.