Texas Bank & Trust Co Makes New Investment in Ford Motor (NYSE:F)

Texas Bank & Trust Co bought a new stake in shares of Ford Motor (NYSE:F - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 48,825 shares of the auto manufacturer's stock, valued at approximately $483,000.

Several other large investors have also recently modified their holdings of the stock. Tallon Kerry Patrick purchased a new position in shares of Ford Motor during the fourth quarter valued at approximately $116,000. Avanza Fonder AB bought a new stake in shares of Ford Motor during the 4th quarter worth approximately $3,999,000. Walker Asset Management LLC boosted its holdings in Ford Motor by 30.4% during the 4th quarter. Walker Asset Management LLC now owns 21,574 shares of the auto manufacturer's stock valued at $214,000 after acquiring an additional 5,024 shares during the period. Merit Financial Group LLC grew its position in Ford Motor by 22.8% in the 4th quarter. Merit Financial Group LLC now owns 54,798 shares of the auto manufacturer's stock valued at $542,000 after acquiring an additional 10,181 shares during the last quarter. Finally, Walker Financial Services Inc. purchased a new stake in Ford Motor in the fourth quarter worth $107,000. Institutional investors own 58.74% of the company's stock.

Ford Motor Stock Down 0.4%

F stock traded down $0.04 on Tuesday, hitting $10.71. 60,985,991 shares of the company's stock were exchanged, compared to its average volume of 75,899,368. The firm has a 50 day moving average price of $9.93 and a two-hundred day moving average price of $10.05. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.85. The stock has a market cap of $42.45 billion, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The business had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same quarter last year, the company earned $0.49 earnings per share. The company's quarterly revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.60%. Ford Motor's payout ratio is currently 48.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on F. Piper Sandler lowered their target price on shares of Ford Motor from $9.00 to $8.50 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. TD Cowen started coverage on Ford Motor in a research report on Friday, March 7th. They set a "hold" rating and a $10.00 target price for the company. Royal Bank of Canada cut their price target on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. BNP Paribas upgraded Ford Motor to a "hold" rating in a report on Monday, February 10th. Finally, Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $10.00.

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.