Comerica Bank Decreases Holdings in Ford Motor (F)

Comerica Bank trimmed its position in Ford Motor (NYSE:F) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,055,061 shares of the auto manufacturer’s stock after selling 162,085 shares during the quarter. Comerica Bank’s holdings in Ford Motor were worth $9,063,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Advisors of Tampa Bay LLC grew its holdings in shares of Ford Motor by 1.3% during the 2nd quarter. Wealth Advisors of Tampa Bay LLC now owns 376,325 shares of the auto manufacturer’s stock worth $4,182,000 after purchasing an additional 4,766 shares in the last quarter. First Command Bank grew its holdings in shares of Ford Motor by 83.9% during the 2nd quarter. First Command Bank now owns 11,438 shares of the auto manufacturer’s stock worth $127,000 after purchasing an additional 5,219 shares in the last quarter. First Command Financial Services Inc. grew its holdings in shares of Ford Motor by 83.9% during the 2nd quarter. First Command Financial Services Inc. now owns 11,438 shares of the auto manufacturer’s stock worth $127,000 after purchasing an additional 5,219 shares in the last quarter. WealthTrust Axiom LLC grew its holdings in shares of Ford Motor by 5.0% during the 2nd quarter. WealthTrust Axiom LLC now owns 110,300 shares of the auto manufacturer’s stock worth $1,221,000 after purchasing an additional 5,300 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its holdings in shares of Ford Motor by 12.9% during the 2nd quarter. Wetherby Asset Management Inc. now owns 46,639 shares of the auto manufacturer’s stock worth $516,000 after purchasing an additional 5,338 shares in the last quarter. 54.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of F stock opened at $9.38 on Friday. The company has a market capitalization of $37.91 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 1.34 and a beta of 0.68. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 2.80. Ford Motor has a fifty-two week low of $8.17 and a fifty-two week high of $13.48.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The business had revenue of $34.66 billion during the quarter, compared to the consensus estimate of $32.05 billion. Ford Motor had a return on equity of 15.48% and a net margin of 3.88%. During the same period in the previous year, the company posted $0.43 earnings per share. On average, research analysts anticipate that Ford Motor will post 1.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd will be issued a $0.15 dividend. The ex-dividend date is Monday, October 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 6.40%. Ford Motor’s payout ratio is currently 33.71%.

In other news, Director Ray T. Charley acquired 4,000 shares of Ford Motor stock in a transaction on Monday, October 29th. The stock was purchased at an average price of $12.90 per share, with a total value of $51,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Steven R. Armstrong sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $9.54, for a total value of $124,020.00. Following the completion of the sale, the vice president now directly owns 94,527 shares of the company’s stock, valued at approximately $901,787.58. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.

Several analysts recently weighed in on F shares. Barclays reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Ford Motor in a research note on Friday, July 27th. Citigroup reduced their price objective on Ford Motor from $10.50 to $9.90 and set a “neutral” rating on the stock in a research note on Monday, September 10th. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $14.00 to $10.00 in a research note on Friday, October 19th. Berenberg Bank set a $6.00 price objective on Ford Motor and gave the company a “sell” rating in a research note on Friday. Finally, TheStreet lowered Ford Motor from a “b-” rating to a “c+” rating in a research note on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.27.

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Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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