Ford Motor (NYSE:F) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp reduced its stake in shares of Ford Motor (NYSE:F) by 2.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 52,092 shares of the auto manufacturer’s stock after selling 1,072 shares during the quarter. Hancock Whitney Corp’s holdings in Ford Motor were worth $550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. ING Groep NV lifted its stake in shares of Ford Motor by 93.4% during the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock valued at $12,473,000 after buying an additional 570,293 shares during the period. OneAscent Financial Services LLC purchased a new position in shares of Ford Motor during the 3rd quarter worth $545,000. GSA Capital Partners LLP boosted its holdings in shares of Ford Motor by 20.8% during the third quarter. GSA Capital Partners LLP now owns 91,278 shares of the auto manufacturer’s stock worth $964,000 after purchasing an additional 15,729 shares during the last quarter. Czech National Bank grew its position in shares of Ford Motor by 6.5% in the third quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock valued at $8,403,000 after purchasing an additional 48,456 shares during the period. Finally, Meridian Wealth Management LLC acquired a new position in Ford Motor in the third quarter valued at $938,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

F has been the topic of a number of research analyst reports. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research note on Thursday, November 7th. Barclays lowered their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor Stock Performance

Ford Motor stock opened at $11.10 on Wednesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The stock’s 50 day moving average price is $10.85 and its 200 day moving average price is $11.44. The firm has a market capitalization of $44.11 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 2.04 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. As a group, sell-side analysts expect that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.41%. Ford Motor’s dividend payout ratio is presently 68.18%.

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.