Sumitomo Mitsui Trust Group Inc. Sells 23,655 Shares of Ford Motor Company (NYSE:F)

Sumitomo Mitsui Trust Group Inc. lowered its position in Ford Motor Company (NYSE:F - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,775,886 shares of the auto manufacturer's stock after selling 23,655 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Ford Motor worth $88,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Ford Motor by 16.6% in the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock valued at $3,980,630,000 after purchasing an additional 57,182,803 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock valued at $1,278,153,000 after buying an additional 6,497,321 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ford Motor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock valued at $830,662,000 after buying an additional 2,089,127 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ford Motor by 11.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock valued at $460,444,000 after buying an additional 4,925,993 shares during the period. Finally, Norges Bank purchased a new stake in shares of Ford Motor in the fourth quarter worth about $387,282,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

Shares of NYSE:F traded up $0.04 during midday trading on Monday, hitting $10.84. The company had a trading volume of 88,445,299 shares, compared to its average volume of 81,967,503. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $14.85. The company has a fifty day moving average of $10.36 and a two-hundred day moving average of $9.96. The company has a market cap of $43.11 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.92 and a beta of 1.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.13 and a quick ratio of 0.97.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The business had revenue of $40.66 billion during the quarter, compared to analysts' expectations of $35.99 billion. During the same quarter in the prior year, the business posted $0.49 earnings per share. The business's quarterly revenue was down 6.2% on a year-over-year basis. On average, equities research analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.54%. Ford Motor's dividend payout ratio is presently 48.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on F shares. UBS Group reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. The Goldman Sachs Group upped their price target on shares of Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Sanford C. Bernstein lowered Ford Motor from a "market perform" rating to an "underperform" rating and dropped their price objective for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. Finally, Barclays boosted their target price on Ford Motor from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $10.03.

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.