Meridian Wealth Management LLC raised its stake in shares of Ford Motor Company (NYSE:F) by 92.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,525 shares of the auto manufacturer’s stock after buying an additional 13,258 shares during the period. Meridian Wealth Management LLC’s holdings in Ford Motor were worth $320,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Europe London LLP acquired a new position in Ford Motor during the first quarter valued at $2,468,000. FNY Managed Accounts LLC raised its position in Ford Motor by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 34 shares during the last quarter. First Financial Equity Corporation acquired a new position in Ford Motor during the first quarter valued at $893,000. Archford Capital Strategies LLC raised its position in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares during the last quarter. Finally, Private Advisory Group LLC acquired a new position in Ford Motor during the first quarter valued at $1,189,000. 55.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ford Motor Company (NYSE:F) remained flat at $10.77 during trading on Friday. The company had a trading volume of 32,300,117 shares. Ford Motor Company has a 1-year low of $10.67 and a 1-year high of $13.27. The stock’s 50-day moving average price is $11.24 and its 200-day moving average price is $11.60. The company has a market cap of $42.78 billion, a PE ratio of 11.34 and a beta of 1.11.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The company’s revenue was down .5% on a year-over-year basis. On average, analysts forecast that Ford Motor Company will post $1.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders 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 annualized dividend and a yield of 5.57%. Ford Motor’s dividend payout ratio is currently 63.16%.
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F has been the topic of several research reports. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday. Instinet lowered Ford Motor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.80 to $11.60 in a research report on Wednesday. Jefferies Group LLC reaffirmed a “neutral” rating on shares of Ford Motor in a research report on Monday, August 7th. Nomura lowered Ford Motor to a “hold” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.60.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were 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 directly 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 can be accessed through this link. 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 transaction of $886,864.00. Following the transaction, the vice president now owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. 1.08% of the stock is owned by insiders.
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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