FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 5,896 Shares of Ford Motor (NYSE:F)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH decreased its stake in Ford Motor (NYSE:F) by 35.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,899 shares of the auto manufacturer’s stock after selling 5,896 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Ford Motor were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hexagon Capital Partners LLC raised its position in shares of Ford Motor by 31.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 30,421 shares of the auto manufacturer’s stock worth $404,000 after acquiring an additional 7,350 shares in the last quarter. Claro Advisors LLC increased its holdings in Ford Motor by 12.5% in the first quarter. Claro Advisors LLC now owns 14,686 shares of the auto manufacturer’s stock worth $195,000 after purchasing an additional 1,626 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Ford Motor in the first quarter valued at approximately $139,000. Kowal Investment Group LLC acquired a new stake in shares of Ford Motor during the 1st quarter worth approximately $191,000. Finally, Diversified Trust Co increased its stake in shares of Ford Motor by 153.7% in the 1st quarter. Diversified Trust Co now owns 125,644 shares of the auto manufacturer’s stock valued at $1,669,000 after acquiring an additional 76,127 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of F stock opened at $12.88 on Wednesday. The business’s 50 day moving average price is $12.20 and its 200-day moving average price is $12.25. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42. The firm has a market cap of $51.40 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.81 and a beta of 1.62. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. Ford Motor’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.63 EPS. On average, equities research analysts anticipate that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s payout ratio is 61.86%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group raised their price objective on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Citigroup upped their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective for the company. Piper Sandler initiated coverage on shares of Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, Barclays boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $13.89.

Insider Activity at Ford Motor

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

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.