CNB Bank Purchases 3,825 Shares of Ford Motor (NYSE:F)

CNB Bank raised its holdings in shares of Ford Motor (NYSE:F) by 15.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 28,889 shares of the auto manufacturer’s stock after buying an additional 3,825 shares during the period. CNB Bank’s holdings in Ford Motor were worth $286,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in Ford Motor by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock worth $1,294,752,000 after purchasing an additional 5,270,562 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ford Motor by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer’s stock worth $863,009,000 after buying an additional 1,336,676 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Ford Motor by 1.0% in the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock valued at $399,066,000 after acquiring an additional 318,715 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Ford Motor by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,347,303 shares of the auto manufacturer’s stock valued at $257,108,000 after acquiring an additional 636,330 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Ford Motor by 112.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock worth $126,477,000 after acquiring an additional 6,348,185 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F opened at $10.17 on Friday. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The stock’s 50-day simple moving average is $10.42 and its 200 day simple moving average is $10.96. 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 stock has a market capitalization of $40.40 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.86 and a beta of 1.64.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share. Research analysts forecast that Ford Motor will post 1.77 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.90%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on F. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Barclays lowered their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.83.

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.