US Bancorp DE Has $2.66 Million Stock Holdings in Ford Motor Company $F

Key Points

• US Bancorp DE reduced its holdings in Ford Motor Company by 11.2%, owning 245,024 shares valued at approximately $2.66 million.
• Wall Street analysts have raised their price targets for Ford, with estimates increasing from $8.00 to $13.00, while the stock holds an average "Hold" rating.
• Ford Motor recently announced a quarterly dividend of $0.15 per share, resulting in a yielding rate of 5.1% based on an annualized payout of $0.60.

US Bancorp DE cut its position in shares of Ford Motor Company (NYSE:F - Free Report) by 11.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 245,024 shares of the auto manufacturer's stock after selling 30,764 shares during the period. US Bancorp DE's holdings in Ford Motor were worth $2,659,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of F. Grove Bank & Trust boosted its holdings in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after buying an additional 1,882 shares during the period. Elite Financial Inc. bought a new stake in shares of Ford Motor during the 1st quarter worth about $27,000. Olde Wealth Management LLC bought a new stake in shares of Ford Motor during the 1st quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of Ford Motor during the 1st quarter worth about $30,000. Finally, WPG Advisers LLC bought a new stake in shares of Ford Motor during the 1st quarter worth about $33,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on F. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Wells Fargo & Company lifted their target price on shares of Ford Motor from $8.00 to $10.00 and gave the stock an "underweight" rating in a report on Friday, October 3rd. Royal Bank Of Canada boosted their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Ford Motor has an average rating of "Hold" and an average price target of $11.04.

Ford Motor Stock Up 1.1%

Shares of NYSE F opened at $11.67 on Wednesday. The firm has a market cap of $46.43 billion, a PE ratio of 14.96, a P/E/G ratio of 3.30 and a beta of 1.53. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $12.80. The company's fifty day simple moving average is $11.69 and its 200 day simple moving average is $10.91. 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 issued its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. Ford Motor's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. As a group, sell-side analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.1%. Ford Motor's dividend payout ratio is currently 76.92%.

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.

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