Chevy Chase Trust Holdings LLC Has $23.86 Million Stock Holdings in Ford Motor Company $F

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Ford Motor Company (NYSE:F) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,994,966 shares of the auto manufacturer’s stock after selling 68,078 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Ford Motor worth $23,860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC grew its stake in shares of Ford Motor by 16.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after purchasing an additional 776 shares during the last quarter. Capital Investment Advisors LLC raised its position in Ford Motor by 1.3% during the 3rd quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock worth $767,000 after purchasing an additional 824 shares during the last quarter. Silverlake Wealth Management LLC lifted its holdings in Ford Motor by 1.7% during the 3rd quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock worth $575,000 after buying an additional 827 shares during the period. Searle & CO. lifted its holdings in Ford Motor by 2.1% during the 3rd quarter. Searle & CO. now owns 40,833 shares of the auto manufacturer’s stock worth $488,000 after buying an additional 833 shares during the period. Finally, Johnson Financial Group Inc. grew its position in shares of Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 837 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider William Clay Ford, Jr. bought 140,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the purchase, the insider directly owned 3,912,600 shares in the company, valued at $54,072,132. The trade was a 3.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is owned by insiders.

Analysts Set New Price Targets

F has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Wall Street Zen cut Ford Motor from a “buy” rating to a “sell” rating in a report on Saturday, February 14th. Barclays increased their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Piper Sandler upgraded shares of Ford Motor from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $11.00 to $16.00 in a report on Thursday, January 8th. Finally, Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.29.

Ford Motor Stock Up 0.4%

Shares of NYSE:F opened at $11.72 on Tuesday. The company has a market capitalization of $46.74 billion, a price-to-earnings ratio of -5.69, a P/E/G ratio of 0.27 and a beta of 1.65. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94. The business’s 50-day moving average is $13.53 and its 200-day moving average is $12.94. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $14.80.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS for the quarter, topping the consensus estimate of $0.06 by $0.07. The business had revenue of $45.89 billion during the quarter, compared to analysts’ expectations of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The firm’s revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. Equities research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were paid a $0.15 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. Ford Motor’s payout ratio is currently -29.13%.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.