Bridgewater Associates LP purchased a new stake in shares of Ford Motor Company (NYSE:F) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 201,176 shares of the auto manufacturer’s stock, valued at approximately $2,342,000.
A number of other institutional investors have also recently modified their holdings of the stock. Swiss National Bank raised its stake in Ford Motor by 27.2% in the first quarter. Swiss National Bank now owns 13,137,535 shares of the auto manufacturer’s stock valued at $152,921,000 after buying an additional 2,811,700 shares in the last quarter. American Century Companies Inc. raised its stake in Ford Motor by 22.1% in the first quarter. American Century Companies Inc. now owns 9,429,411 shares of the auto manufacturer’s stock valued at $109,758,000 after buying an additional 1,706,419 shares in the last quarter. Karp Capital Management Corp bought a new stake in Ford Motor during the first quarter valued at $12,602,000. Virginia Retirement Systems ET AL bought a new stake in Ford Motor during the first quarter valued at $12,387,000. Finally, Toronto Dominion Bank raised its stake in Ford Motor by 145.7% in the first quarter. Toronto Dominion Bank now owns 1,654,413 shares of the auto manufacturer’s stock valued at $19,255,000 after buying an additional 981,038 shares in the last quarter. Hedge funds and other institutional investors own 55.23% of the company’s stock.
Ford Motor Company (NYSE:F) opened at 10.89 on Wednesday. The stock has a 50 day moving average price of $11.31 and a 200-day moving average price of $11.67. The firm has a market cap of $43.25 billion, a P/E ratio of 11.46 and a beta of 1.11. Ford Motor Company has a 1-year low of $10.67 and a 1-year 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 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 net margin of 2.52% and a return on equity of 19.69%. Ford Motor’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. Equities research analysts forecast that Ford Motor Company will post $1.76 EPS for the current year.
The company also recently announced 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. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.51%. Ford Motor’s payout ratio is 63.16%.
Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 price objective on shares of Ford Motor in a research note on Friday, May 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $12.00 price objective on shares of Ford Motor in a research note on Monday, May 22nd. Berenberg Bank set a $10.00 target price on Ford Motor and gave the stock a “sell” rating in a report on Monday, June 12th. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price on the stock. in a report on Tuesday, July 4th. Finally, ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.11.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were 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 $4,781,066.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. 1.08% of the stock is 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.
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