Ford Motor (NYSE:F) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp lessened its stake in Ford Motor (NYSE:F) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,585 shares of the auto manufacturer’s stock after selling 980 shares during the quarter. Tompkins Financial Corp’s holdings in Ford Motor were worth $143,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Olistico Wealth LLC purchased a new stake in shares of Ford Motor during the 2nd quarter worth about $25,000. Family Firm Inc. acquired a new position in shares of Ford Motor during the 2nd quarter worth approximately $26,000. Quarry LP acquired a new stake in Ford Motor in the 2nd quarter valued at $27,000. Ridgewood Investments LLC purchased a new position in Ford Motor during the second quarter valued at $28,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Ford Motor in the second quarter valued at about $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.1 %

Shares of F opened at $10.97 on Friday. The company’s 50-day moving average price is $10.77 and its 200 day moving average price is $11.57. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The firm has a market cap of $43.60 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. On average, sell-side analysts forecast that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on F shares. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Wolfe Research began coverage on Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.02.

Ford Motor 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.