Newport Trust Company LLC Sells 2,295,993 Shares of Ford Motor Company $F

Key Points

• Newport Trust Company LLC reduced its holdings in Ford Motor Company by 1.5% in Q1, owning approximately $1.51 billion worth of shares, which is about 3.9% of its portfolio.
• Ford recently announced a quarterly dividend of $0.15 per share, translating to an annualized yield of 5.3% and a payout ratio of 76.92%.
• Wall Street analysts have diverse opinions on Ford's stock, with a consensus rating of "Reduce" and an average price target of $10.53.

Newport Trust Company LLC trimmed its holdings in Ford Motor Company (NYSE:F - Free Report) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,349,011 shares of the auto manufacturer's stock after selling 2,295,993 shares during the quarter. Ford Motor comprises 3.9% of Newport Trust Company LLC's portfolio, making the stock its 8th largest holding. Newport Trust Company LLC owned about 3.79% of Ford Motor worth $1,508,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Ford Motor by 13.8% in the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock worth $4,590,333,000 after buying an additional 55,576,478 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Ford Motor by 8.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer's stock worth $1,404,741,000 after buying an additional 10,947,527 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Ford Motor by 6,915.1% in the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock worth $492,253,000 after buying an additional 48,378,444 shares in the last quarter. Northern Trust Corp boosted its stake in Ford Motor by 11.0% during the 4th quarter. Northern Trust Corp now owns 37,314,829 shares of the auto manufacturer's stock valued at $369,417,000 after purchasing an additional 3,699,857 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Ford Motor by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,642,389 shares of the auto manufacturer's stock valued at $293,460,000 after purchasing an additional 5,295,086 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Insider Buying and Selling at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the insider directly owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.48% of the company's stock.

Ford Motor Stock Up 3.5%

Shares of F traded up $0.3930 during mid-day trading on Friday, reaching $11.7230. The company's stock had a trading volume of 58,490,999 shares, compared to its average volume of 60,942,456. The business has a fifty day moving average of $11.22 and a 200 day moving average of $10.35. The company has a market cap of $46.66 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 3.36 and a beta of 1.48. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.97. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The company had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. As a group, analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.1%. Ford Motor's dividend payout ratio is 76.92%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Piper Sandler increased their price objective on Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group increased their price objective on Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $10.53.

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.