Tudor Investment Corp ET AL lowered its stake in shares of Ford Motor Company (NYSE:F) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,600 shares of the auto manufacturer’s stock after selling 2,700 shares during the period. Tudor Investment Corp ET AL’s holdings in Ford Motor were worth $705,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Westover Capital Advisors LLC bought a new position in Ford Motor during the first quarter valued at about $300,000. Shelton Capital Management increased its position in Ford Motor by 87.5% in the first quarter. Shelton Capital Management now owns 1,417,667 shares of the auto manufacturer’s stock valued at $16,502,000 after buying an additional 661,635 shares during the period. Investment Centers of America Inc. increased its position in Ford Motor by 2.6% in the first quarter. Investment Centers of America Inc. now owns 208,352 shares of the auto manufacturer’s stock valued at $2,424,000 after buying an additional 5,280 shares during the period. Gotham Asset Management LLC increased its position in Ford Motor by 3,919.5% in the first quarter. Gotham Asset Management LLC now owns 1,258,477 shares of the auto manufacturer’s stock valued at $14,649,000 after buying an additional 1,227,168 shares during the period. Finally, Ionic Capital Management LLC increased its position in Ford Motor by 4.0% in the first quarter. Ionic Capital Management LLC now owns 100,000 shares of the auto manufacturer’s stock valued at $1,164,000 after buying an additional 3,800 shares during the period. 55.23% of the stock is owned by institutional investors and hedge funds.
Shares of Ford Motor Company (NYSE:F) traded up 0.46% on Tuesday, hitting $10.97. The stock had a trading volume of 5,197,662 shares. The firm has a 50 day moving average of $11.31 and a 200 day moving average of $11.67. The stock has a market cap of $43.57 billion, a P/E ratio of 11.55 and a beta of 1.11. Ford Motor Company has a 12 month low of $10.67 and a 12 month high of $13.27.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, equities analysts forecast that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders 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 5.49%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s payout ratio is currently 63.16%.
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Several research firms have recently issued reports on F. Jefferies Group LLC restated a “neutral” rating on shares of Ford Motor in a report on Monday. Nomura downgraded shares of Ford Motor to a “hold” rating in a report on Saturday. Zacks Investment Research upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.11.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $4,781,066.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the transaction, the vice president now directly owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. 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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