QUANTRES ASSET MANAGEMENT Ltd decreased its stake in shares of Ford Motor Company (NYSE:F) by 15.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,100 shares of the auto manufacturer’s stock after selling 7,400 shares during the period. QUANTRES ASSET MANAGEMENT Ltd’s holdings in Ford Motor were worth $455,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Puplava Financial Services Inc. bought a new stake in shares of Ford Motor during the first quarter worth about $116,000. GWM Advisors LLC bought a new stake in shares of Ford Motor during the first quarter worth about $117,000. TNB Financial bought a new stake in shares of Ford Motor during the first quarter worth about $119,000. GFS Advisors LLC bought a new stake in shares of Ford Motor during the first quarter worth about $121,000. Finally, Polaris Greystone Financial Group LLC increased its stake in shares of Ford Motor by 3.0% in the first quarter. Polaris Greystone Financial Group LLC now owns 10,692 shares of the auto manufacturer’s stock worth $124,000 after buying an additional 313 shares during the last quarter. 55.50% of the stock is currently owned by institutional investors.
Shares of Ford Motor Company (NYSE:F) opened at 11.53 on Monday. Ford Motor Company has a 52-week low of $10.67 and a 52-week high of $13.99. The company has a market cap of $45.91 billion, a PE ratio of 12.28 and a beta of 1.11. The stock’s 50 day moving average is $11.31 and its 200 day moving average is $11.76.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Ford Motor had a return on equity of 19.36% and a net margin of 2.48%. The firm had revenue of $36.48 billion for the quarter, compared to analyst estimates of $34.62 billion. During the same quarter last year, the firm posted $0.68 EPS. The business’s revenue was up 3.5% on a year-over-year basis. Equities analysts forecast that Ford Motor Company will post $1.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.20%. Ford Motor’s dividend payout ratio (DPR) is 64.52%.
A number of brokerages have recently issued reports on F. Zacks Investment Research downgraded shares of Ford Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.60 price target on the stock in a report on Thursday, July 6th. BidaskClub raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Deutsche Bank AG reaffirmed a “hold” rating and set a $14.00 price target on shares of Ford Motor in a report on Friday, June 30th. Finally, Guggenheim began coverage on shares of Ford Motor in a report on Wednesday, June 21st. They set a “neutral” rating and a $13.00 price target on the stock. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.43.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the transaction, the insider now owns 428,411 shares in the company, valued at approximately $4,781,066.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company 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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