Washington Trust Bank Invests $256,000 in Ford Motor Company (NYSE:F)

Washington Trust Bank purchased a new position in shares of Ford Motor Company (NYSE:F - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,571 shares of the auto manufacturer's stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Grove Bank & Trust boosted its holdings in Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 1,882 shares during the last quarter. Elite Financial Inc. acquired a new position in Ford Motor in the 1st quarter valued at about $27,000. Olde Wealth Management LLC acquired a new position in Ford Motor in the 1st quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new position in Ford Motor in the 1st quarter valued at about $30,000. Finally, Flagship Wealth Advisors LLC acquired a new position in Ford Motor in the 4th quarter valued at about $30,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of F stock traded down $0.14 during mid-day trading on Friday, hitting $11.77. The stock had a trading volume of 65,324,572 shares, compared to its average volume of 83,300,053. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The firm has a market cap of $46.80 billion, a PE ratio of 9.42, a PEG ratio of 1.01 and a beta of 1.49. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.13 and a quick ratio of 0.97. The company's 50-day simple moving average is $10.69 and its 200-day simple moving average is $10.07.

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

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders 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 dividend yield of 5.10%. Ford Motor's dividend payout ratio is presently 48.00%.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. The Goldman Sachs Group upped their price objective 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. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Sanford C. Bernstein downgraded shares of Ford Motor from a "market perform" rating to an "underperform" rating and cut their target price for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of "Hold" and a consensus 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.