Stock Yards Bank & Trust Co. Has $782,000 Stake in Ford Motor (NYSE:F)

Stock Yards Bank & Trust Co. trimmed its holdings in shares of Ford Motor (NYSE:F) by 1.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 62,382 shares of the auto manufacturer’s stock after selling 1,108 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Ford Motor were worth $782,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Olistico Wealth LLC acquired a new stake in shares of Ford Motor in the second quarter valued at about $25,000. Financial Synergies Wealth Advisors Inc. grew its position in shares of Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Ford Motor in the second quarter valued at about $26,000. Fortis Group Advisors LLC grew its position in shares of Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 1,086 shares during the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $27,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Up 1.0 %

Shares of F opened at $10.91 on Wednesday. The company has a market capitalization of $43.54 billion, a P/E ratio of 11.24, a PEG ratio of 0.76 and a beta of 1.62. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The business’s 50 day simple moving average is $11.39 and its 200-day simple moving average is $12.07.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). The business had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. As a group, sell-side analysts predict that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s payout ratio is currently 61.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on F shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a research note on Tuesday, September 10th. Wells Fargo & Company reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Morgan Stanley reiterated an “overweight” rating and issued a $16.00 target price on shares of Ford Motor in a research note on Thursday, September 12th. Sanford C. Bernstein started coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price for the company. Finally, Wolfe Research started coverage on shares of Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and an average target price of $12.95.

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.