Trustmark National Bank Trust Department Has $455,000 Position in Ford Motor Company (F)
Trustmark National Bank Trust Department lowered its position in shares of Ford Motor Company (NYSE:F) by 3.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,656 shares of the auto manufacturer’s stock after selling 1,500 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Ford Motor were worth $455,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of F. Bridgewater Associates LP bought a new position in Ford Motor in the first quarter valued at approximately $2,342,000. Mathes Company Inc. bought a new position in Ford Motor in the second quarter valued at approximately $571,000. CWA Asset Management Group LLC bought a new position in Ford Motor in the first quarter valued at approximately $122,000. AE Wealth Management LLC lifted its stake in Ford Motor by 37.5% in the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after buying an additional 46,598 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after buying an additional 333,821 shares in the last quarter. Hedge funds and other institutional investors own 54.35% of the company’s stock.
In other Ford Motor news, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total transaction of $273,080.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the transaction, the vice president now owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. In the last three months, insiders sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is currently owned by insiders.
Shares of Ford Motor Company (F) opened at 12.31 on Friday. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27. The company has a market capitalization of $48.89 billion, a price-to-earnings ratio of 12.96 and a beta of 1.12. The firm’s 50-day moving average is $11.49 and its 200 day moving average is $11.29. Ford Motor also was the target of some unusual options trading activity on Wednesday. Traders purchased 49,559 call options on the stock. This is an increase of approximately 160% compared to the typical volume of 19,065 call options.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. During the same quarter last year, the firm posted $0.52 EPS. Ford Motor’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Ford Motor Company will post $1.75 earnings per share for the current year.
F has been the topic of a number of research reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Friday, July 28th. Bank of America Corporation reissued a “buy” rating and issued a $12.50 price objective (down previously from $14.00) on shares of Ford Motor in a research report on Friday, June 16th. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price objective on the stock. in a research report on Tuesday, July 4th. Royal Bank Of Canada reissued a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Finally, ValuEngine raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.46.
ILLEGAL ACTIVITY NOTICE: “Trustmark National Bank Trust Department Has $455,000 Position in Ford Motor Company (F)” was published by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/trustmark-national-bank-trust-department-has-455000-position-in-ford-motor-company-f/1614675.html.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
Receive News & Ratings for Ford Motor Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Company and related companies with Analyst Ratings Network's FREE daily email newsletter.