Dorsey & Whitney Trust CO LLC Sells 15,382 Shares of Ford Motor Company $F

Dorsey & Whitney Trust CO LLC reduced its stake in shares of Ford Motor Company (NYSE:F) by 22.3% in the second quarter, HoldingsChannel.com reports. The firm owned 53,582 shares of the auto manufacturer’s stock after selling 15,382 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Ford Motor were worth $581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intrust Bank NA boosted its position in shares of Ford Motor by 28.8% during the second quarter. Intrust Bank NA now owns 69,467 shares of the auto manufacturer’s stock valued at $754,000 after buying an additional 15,547 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Ford Motor by 3.6% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,480,068 shares of the auto manufacturer’s stock valued at $16,059,000 after acquiring an additional 51,137 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Ford Motor by 3.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 2,116,798 shares of the auto manufacturer’s stock worth $22,967,000 after acquiring an additional 75,980 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Ford Motor by 4.1% in the 2nd quarter. Kingsview Wealth Management LLC now owns 118,669 shares of the auto manufacturer’s stock worth $1,288,000 after acquiring an additional 4,707 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its holdings in shares of Ford Motor by 40.0% in the second quarter. Citizens Financial Group Inc. RI now owns 21,259 shares of the auto manufacturer’s stock valued at $231,000 after purchasing an additional 6,072 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Trading Up 1.1%

NYSE:F opened at $13.03 on Wednesday. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $13.97. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. The firm’s 50 day moving average is $12.35 and its 200 day moving average is $11.49. The stock has a market capitalization of $51.90 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60.

Ford Motor (NYSE:F) last released its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.49 earnings per share. Sell-side analysts expect that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, November 7th. Ford Motor’s payout ratio is currently 51.72%.

Analyst Upgrades and Downgrades

F has been the topic of several analyst reports. Barclays boosted their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. Wells Fargo & Company boosted their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ford Motor in a research report on Monday. Dbs Bank lowered Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Finally, Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and upped their price objective for the company from $9.00 to $12.00 in a research note on Monday, October 6th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.73.

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.