Sumitomo Mitsui Trust Group Inc. Sells 255,381 Shares of Ford Motor Company $F

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in Ford by 2.8% in Q4, selling 255,381 shares and leaving it with 8,906,562 shares (about 0.22% of the company) valued at roughly $116.85 million.
• Insider William Clay Ford Jr. purchased 140,000 shares at an average price of $13.82, increasing his direct holdings to 3,912,600 shares.
• Analysts' consensus rating is a Hold (4 Buy, 12 Hold, 1 Sell) with a consensus price target of $13.66, and Ford pays an annualized dividend of $0.60 (about a 4.9% yield).

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Ford Motor Company (NYSE:F - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,906,562 shares of the auto manufacturer's stock after selling 255,381 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Ford Motor worth $116,854,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Caprock Group LLC bought a new stake in shares of Ford Motor during the 3rd quarter worth $893,000. Versor Investments LP bought a new stake in shares of Ford Motor during the 3rd quarter worth $2,187,000. Quantbot Technologies LP boosted its holdings in shares of Ford Motor by 91.6% during the 3rd quarter. Quantbot Technologies LP now owns 179,619 shares of the auto manufacturer's stock worth $2,148,000 after buying an additional 85,848 shares during the period. National Pension Service boosted its holdings in shares of Ford Motor by 6.7% during the 3rd quarter. National Pension Service now owns 8,099,060 shares of the auto manufacturer's stock worth $96,865,000 after buying an additional 510,426 shares during the period. Finally, MASTERINVEST Kapitalanlage GmbH boosted its holdings in shares of Ford Motor by 180.9% during the 3rd quarter. MASTERINVEST Kapitalanlage GmbH now owns 200,670 shares of the auto manufacturer's stock worth $2,400,000 after buying an additional 129,228 shares during the period. 58.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on F shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ford Motor in a report on Friday, March 27th. JPMorgan Chase & Co. upped their price target on Ford Motor from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Wednesday, January 21st. Piper Sandler upgraded Ford Motor from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $11.00 to $16.00 in a report on Thursday, January 8th. UBS Group upped their price target on Ford Motor from $12.50 to $15.00 and gave the stock a "neutral" rating in a report on Wednesday, January 14th. Finally, Bank of America began coverage on Ford Motor in a report on Wednesday, March 4th. They set a "buy" rating and a $17.00 price target for the company. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Ford Motor has an average rating of "Hold" and a consensus price target of $13.66.

Insiders Place Their Bets

In related news, insider William Clay Ford, Jr. purchased 140,000 shares of Ford Motor stock in a transaction on Thursday, February 19th. The stock was purchased at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the acquisition, the insider directly owned 3,912,600 shares in the company, valued at approximately $54,072,132. This trade represents a 3.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.63% of the stock is currently owned by company insiders.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $12.15 on Tuesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94. Ford Motor Company has a fifty-two week low of $9.20 and a fifty-two week high of $14.80. The firm has a fifty day moving average price of $12.69 and a two-hundred day moving average price of $12.95. The company has a market cap of $48.47 billion, a PE ratio of -5.90, a price-to-earnings-growth ratio of 0.28 and a beta of 1.70.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The firm had revenue of $45.89 billion during the quarter, compared to the consensus estimate of $41.78 billion. During the same period in the prior year, the firm earned $0.39 EPS. The business's revenue was down 4.8% on a year-over-year basis. Analysts expect that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a yield of 4.9%. Ford Motor's dividend payout ratio is -29.13%.

Ford Motor Profile

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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