Wesbanco Bank Inc. Trims Stake in Ford Motor (NYSE:F)

Wesbanco Bank Inc. cut its holdings in Ford Motor (NYSE:F) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,865 shares of the auto manufacturer’s stock after selling 6,052 shares during the period. Wesbanco Bank Inc.’s holdings in Ford Motor were worth $791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Franklin Resources Inc. boosted its stake in shares of Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after acquiring an additional 336,720 shares during the period. Principal Financial Group Inc. boosted its stake in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after purchasing an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in Ford Motor during the 3rd quarter valued at approximately $55,456,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $10,853,000. Finally, ING Groep NV lifted its holdings in shares of Ford Motor by 93.4% in the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after buying an additional 570,293 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 1.2 %

NYSE:F opened at $10.16 on Friday. The firm has a market capitalization of $40.36 billion, a P/E ratio of 11.54, a PEG ratio of 2.01 and a beta of 1.64. The company’s fifty day moving average price is $10.33 and its 200-day moving average price is $10.87. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $45.13 billion. During the same quarter in the prior year, the firm posted $0.39 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Ford Motor will post 1.77 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.91%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

Analyst Ratings Changes

F has been the subject of a number of research analyst reports. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $13.00 to $11.00 in a report on Wednesday. Finally, Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.67.

Ford Motor Company 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.