Central Pacific Bank Trust Division Increases Holdings in Ford Motor (NYSE:F)

Central Pacific Bank Trust Division boosted its position in Ford Motor (NYSE:F) by 523.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,471 shares of the auto manufacturer’s stock after purchasing an additional 18,025 shares during the period. Central Pacific Bank Trust Division’s holdings in Ford Motor were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in Ford Motor during the second quarter worth about $27,000. Kimelman & Baird LLC purchased a new stake in Ford Motor in the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new stake in shares of Ford Motor during the 3rd quarter worth approximately $33,000. Access Investment Management LLC purchased a new position in shares of Ford Motor during the 3rd quarter valued at approximately $34,000. Finally, Modus Advisors LLC purchased a new position in shares of Ford Motor during the 4th quarter valued at approximately $34,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of NYSE F opened at $9.88 on Friday. The firm has a 50-day simple moving average of $10.55 and a 200-day simple moving average of $11.10. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $39.27 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.90 and a beta of 1.64. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. On average, equities analysts predict that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.07%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

Analysts Set New Price Targets

F has been the topic of several analyst reports. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research report on Thursday, November 7th. Barclays dropped their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Wells Fargo & Company dropped their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average price target of $11.83.

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.