First County Bank CT Grows Position in Ford Motor (NYSE:F)

First County Bank CT raised its holdings in shares of Ford Motor (NYSE:F) by 30.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,101 shares of the auto manufacturer’s stock after buying an additional 3,965 shares during the quarter. First County Bank CT’s holdings in Ford Motor were worth $181,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Olistico Wealth LLC acquired a new position in Ford Motor in the second quarter valued at about $25,000. Family Firm Inc. acquired a new stake in shares of Ford Motor during the second quarter worth about $26,000. Quarry LP acquired a new stake in shares of Ford Motor during the second quarter worth about $27,000. Ridgewood Investments LLC acquired a new stake in shares of Ford Motor during the second quarter worth about $28,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Ford Motor during the second quarter worth about $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 3.5 %

F opened at $11.18 on Friday. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The business has a 50-day moving average of $10.83 and a 200-day moving average of $11.46. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The company has a market capitalization of $44.43 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same period last year, the business earned $0.39 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

F has been the topic of several research reports. Barclays reduced their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Evercore ISI raised shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Wells Fargo & Company reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.02.

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.