Trustmark National Bank Trust Department Decreases Stock Holdings in Ford Motor (NYSE:F)

Trustmark National Bank Trust Department trimmed its stake in Ford Motor (NYSE:F) by 54.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,872 shares of the auto manufacturer’s stock after selling 22,333 shares during the period. Trustmark National Bank Trust Department’s holdings in Ford Motor were worth $199,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. increased its position in shares of Ford Motor by 34.4% in the first quarter. Bessemer Group Inc. now owns 38,320 shares of the auto manufacturer’s stock valued at $508,000 after buying an additional 9,807 shares in the last quarter. EP Wealth Advisors LLC boosted its position in Ford Motor by 7.7% during the first quarter. EP Wealth Advisors LLC now owns 76,132 shares of the auto manufacturer’s stock worth $1,011,000 after acquiring an additional 5,467 shares during the last quarter. LRI Investments LLC acquired a new stake in Ford Motor during the first quarter worth approximately $63,000. BOKF NA raised its holdings in Ford Motor by 15.6% in the 1st quarter. BOKF NA now owns 150,878 shares of the auto manufacturer’s stock valued at $2,005,000 after acquiring an additional 20,375 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Ford Motor by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock worth $71,039,000 after purchasing an additional 59,082 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on F shares. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Barclays lowered their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price objective 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 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 $12.02.

Ford Motor Stock Up 3.5 %

F stock opened at $11.18 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The firm has a market capitalization of $44.43 billion, a P/E ratio of 12.70, a P/E/G ratio of 2.01 and a beta of 1.62. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company’s 50 day simple moving average is $10.83 and its 200-day simple moving average is $11.46.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. As a group, equities research analysts anticipate that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

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.