P.R. Herzig & Co. Inc. Has $2,152,000 Stake in Ford Motor Company (F)

P.R. Herzig & Co. Inc. continued to hold its position in shares of Ford Motor Company (NYSE:F) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 192,300 shares of the auto manufacturer’s stock at the end of the second quarter. Ford Motor comprises about 4.2% of P.R. Herzig & Co. Inc.’s portfolio, making the stock its 5th largest position. P.R. Herzig & Co. Inc.’s holdings in Ford Motor were worth $2,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Ford Motor by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after buying an additional 221,597,419 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Ford Motor by 2.3% in the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock valued at $3,048,866,000 after buying an additional 6,013,577 shares during the last quarter. Morgan Stanley boosted its position in shares of Ford Motor by 11.5% in the first quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock valued at $455,168,000 after buying an additional 4,040,717 shares during the last quarter. State Street Corp boosted its position in shares of Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after buying an additional 3,999,705 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Ford Motor by 10.8% in the first quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer’s stock valued at $475,306,000 after buying an additional 3,978,850 shares during the last quarter. Hedge funds and other institutional investors own 55.58% of the company’s stock.

Shares of Ford Motor Company (NYSE F) opened at 11.70 on Friday. The stock has a 50 day moving average price of $11.31 and a 200-day moving average price of $11.76. The firm has a market capitalization of $46.59 billion, a price-to-earnings ratio of 12.46 and a beta of 1.11. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $13.99. Ford Motor also was the target of unusually large options trading on Wednesday. Stock traders acquired 74,719 call options on the company. This represents an increase of approximately 425% compared to the typical daily volume of 14,224 call options.

Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The business had revenue of $36.48 billion for the quarter, compared to analysts’ expectations of $34.62 billion. Ford Motor had a return on equity of 19.36% and a net margin of 2.48%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. On average, analysts anticipate that Ford Motor Company will post $1.52 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 64.52%.

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F has been the subject of several research analyst reports. Nomura restated a “buy” rating and issued a $14.80 price objective on shares of Ford Motor in a research note on Tuesday, May 2nd. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 29th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of Ford Motor in a report on Friday, May 5th. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Wolfe Research started coverage on Ford Motor in a report on Tuesday, June 13th. They set a “market perform” rating on the stock. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $13.43.

In related news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the sale, the insider now owns 428,411 shares in the company, valued at approximately $4,781,066.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

About Ford Motor

Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.

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