Global X Management Co. LLC increased its position in shares of Ford Motor Company (NYSE:F) by 15.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,002 shares of the auto manufacturer’s stock after buying an additional 5,693 shares during the period. Global X Management Co. LLC’s holdings in Ford Motor were worth $501,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Advisor Partners LLC raised its stake in Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock worth $362,000 after buying an additional 1,840 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Ford Motor by 130.3% in the first quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock worth $450,000 after buying an additional 21,879 shares during the last quarter. Camelot Portfolios LLC raised its stake in shares of Ford Motor by 16.0% in the first quarter. Camelot Portfolios LLC now owns 248,731 shares of the auto manufacturer’s stock worth $2,895,000 after buying an additional 34,317 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock worth $6,805,000 after buying an additional 333,821 shares during the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Ford Motor by 0.5% in the first quarter. State Treasurer State of Michigan now owns 1,282,190 shares of the auto manufacturer’s stock worth $14,925,000 after buying an additional 5,800 shares during the last quarter. 55.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ford Motor Company (F) opened at 11.17 on Friday. The company’s 50 day moving average price is $11.31 and its 200 day moving average price is $11.71. Ford Motor Company has a one year low of $10.67 and a one year high of $13.27. The stock has a market capitalization of $44.48 billion, a P/E ratio of 11.90 and a beta of 1.11.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. On average, equities analysts expect that Ford Motor Company will post $1.67 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.37%. Ford Motor’s dividend payout ratio is presently 63.16%.
A number of analysts have issued reports on F shares. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price target on the stock. in a research note on Wednesday, May 31st. Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Monday, May 15th. Nomura reissued a “buy” rating and issued a $14.80 price target on shares of Ford Motor in a research note on Tuesday, May 2nd. Bank of America Corporation reissued a “buy” rating and issued a $12.50 price target (down from $14.00) on shares of Ford Motor in a research note on Friday, June 16th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Friday. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $13.38.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the transaction, the insider now owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is currently owned by insiders.
Ford Motor Company Profile
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.
Receive News & Ratings for Ford Motor Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Company and related companies with MarketBeat.com's FREE daily email newsletter.
