PNC Financial Services Group Inc. Has $11.35 Million Position in Ford Motor (NYSE:F)

PNC Financial Services Group Inc. reduced its stake in Ford Motor (NYSE:F) by 15.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 931,353 shares of the auto manufacturer’s stock after selling 169,139 shares during the period. PNC Financial Services Group Inc.’s holdings in Ford Motor were worth $11,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in F. Newport Trust Company LLC raised its holdings in Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after buying an additional 6,667,808 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Ford Motor by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock valued at $1,068,596,000 after buying an additional 269,887 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after buying an additional 3,522,965 shares during the last quarter. Norges Bank bought a new position in Ford Motor in the 4th quarter valued at approximately $475,899,000. Finally, Northern Trust Corp raised its holdings in Ford Motor by 3.8% in the 3rd quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after buying an additional 1,392,408 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE:F opened at $11.78 on Wednesday. The company has a fifty day moving average of $12.26 and a 200-day moving average of $12.18. The firm has a market capitalization of $47.03 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.77 and a beta of 1.61. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the previous year, the business posted $0.63 EPS. Ford Motor’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ford Motor will post 1.99 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.09%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s payout ratio is currently 61.86%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on F shares. Citigroup raised their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. UBS Group raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Royal Bank of Canada raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Barclays raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Sanford C. Bernstein started coverage on shares of Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and an average price target of $13.89.

Insider Activity at Ford Motor

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor stock in a transaction on Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the sale, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by insiders.

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.