Hancock Whitney Corp Trims Holdings in Ford Motor (NYSE:F)

Hancock Whitney Corp reduced its stake in Ford Motor (NYSE:F) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of F. Truvestments Capital LLC acquired a new stake in shares of Ford Motor during the 3rd quarter worth about $37,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ford Motor in the 3rd quarter valued at approximately $2,217,000. Daiwa Securities Group Inc. raised its stake in shares of Ford Motor by 12.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 488,177 shares of the auto manufacturer’s stock valued at $5,156,000 after acquiring an additional 52,416 shares during the period. Centaurus Financial Inc. boosted its position in shares of Ford Motor by 19.1% during the 3rd quarter. Centaurus Financial Inc. now owns 65,670 shares of the auto manufacturer’s stock worth $693,000 after purchasing an additional 10,523 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of Ford Motor by 177.7% during the 3rd quarter. Larson Financial Group LLC now owns 64,934 shares of the auto manufacturer’s stock worth $686,000 after purchasing an additional 41,551 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Trading Down 2.6 %

Shares of Ford Motor stock opened at $11.10 on Wednesday. The company’s fifty day moving average is $10.85 and its two-hundred day moving average is $11.44. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The company has a market capitalization of $44.11 billion, a P/E ratio of 12.61, a PEG ratio of 2.04 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same period in the prior year, the business earned $0.39 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is 68.18%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wolfe Research started coverage on Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft dropped their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average target price of $12.02.

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.