Sumitomo Mitsui Trust Holdings Inc. cut its position in shares of Ford Motor (NYSE:F) by 7.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 14,108,593 shares of the auto manufacturer’s stock after selling 1,132,593 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Ford Motor were worth $123,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. First Hawaiian Bank increased its position in Ford Motor by 66.9% during the fourth quarter. First Hawaiian Bank now owns 14,347 shares of the auto manufacturer’s stock worth $110,000 after buying an additional 5,751 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Ford Motor by 45.5% in the fourth quarter. Quadrant Capital Group LLC now owns 12,125 shares of the auto manufacturer’s stock valued at $87,000 after purchasing an additional 3,794 shares during the period. Lavaca Capital LLC acquired a new position in shares of Ford Motor in the fourth quarter valued at approximately $32,000. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of Ford Motor by 2.7% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 93,487 shares of the auto manufacturer’s stock valued at $715,000 after purchasing an additional 2,451 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Ford Motor by 9.6% in the fourth quarter. Bank of Montreal Can now owns 15,559,895 shares of the auto manufacturer’s stock valued at $119,032,000 after purchasing an additional 1,360,319 shares during the period. 52.77% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Catherine A. O’callaghan sold 53,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $10.33, for a total value of $547,490.00. Following the completion of the transaction, the vice president now directly owns 48,275 shares of the company’s stock, valued at $498,680.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Lechleiter purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was bought at an average cost of $10.32 per share, with a total value of $103,200.00. Following the completion of the acquisition, the director now owns 55,000 shares of the company’s stock, valued at $567,600. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by insiders.

A number of analysts recently weighed in on the company. BMO Capital Markets lifted their price target on Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a research note on Monday, May 6th. Citigroup restated a “reduce” rating on shares of Ford Motor in a research note on Wednesday, April 10th. ValuEngine upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, April 30th. Finally, Nomura downgraded Ford Motor from a “neutral” rating to a “reduce” rating and decreased their price target for the company from $8.20 to $7.50 in a research note on Friday, April 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $10.48.

Shares of Ford Motor stock traded down $0.14 during trading on Wednesday, reaching $10.10. The company’s stock had a trading volume of 238,495 shares, compared to its average volume of 42,957,809. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.22 and a quick ratio of 1.10. The company has a market cap of $40.65 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.02 and a beta of 1.12. Ford Motor has a 12-month low of $7.41 and a 12-month high of $12.15.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.18. The company had revenue of $40.34 billion for the quarter, compared to the consensus estimate of $37.37 billion. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. Ford Motor’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. On average, equities research analysts anticipate that Ford Motor will post 1.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 5.94%. Ford Motor’s payout ratio is 46.15%.

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About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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