Mechanics Bank Trust Department maintained its position in Ford Motor Company (NYSE:F) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,273 shares of the auto manufacturer’s stock at the end of the second quarter. Mechanics Bank Trust Department’s holdings in Ford Motor were worth $115,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in F. Balentine LLC increased its position in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 231 shares in the last quarter. Archford Capital Strategies LLC increased its position in shares of Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after buying an additional 676 shares in the last quarter. Reilly Financial Advisors LLC increased its position in shares of Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after buying an additional 150 shares in the last quarter. FNY Managed Accounts LLC increased its position in shares of Ford Motor by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock worth $120,000 after buying an additional 34 shares in the last quarter. Finally, Kelman Lazarov Inc. acquired a new position in shares of Ford Motor during the second quarter worth about $116,000. Hedge funds and other institutional investors own 55.38% of the company’s stock.
Shares of Ford Motor Company (NYSE:F) traded down 0.75% during mid-day trading on Friday, hitting $10.56. The stock had a trading volume of 43,998,743 shares. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27. The company’s 50 day moving average is $11.19 and its 200-day moving average is $11.53. The stock has a market cap of $41.94 billion, a P/E ratio of 11.12 and a beta of 1.11.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The company 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 was down .5% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. On average, equities research analysts anticipate that Ford Motor Company will post $1.75 earnings per share for the current fiscal 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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.68%. The ex-dividend date is Thursday, July 20th. Ford Motor’s payout ratio is 63.16%.
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A number of research analysts recently issued reports on F shares. Zacks Investment Research upgraded Ford Motor from a “strong sell” rating to a “hold” rating in a report on Monday, April 24th. Nomura restated a “buy” rating and set a $14.80 price target on shares of Ford Motor in a report on Tuesday, May 2nd. Royal Bank Of Canada restated a “buy” rating and set a $14.00 price target on shares of Ford Motor in a report on Friday, May 5th. Jefferies Group LLC restated a “hold” rating and set a $12.00 price target on shares of Ford Motor in a report on Monday, May 22nd. Finally, Deutsche Bank AG restated a “hold” rating and set a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.60.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the sale, the vice president now directly owns 10 shares in the company, valued at $110. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The disclosure for this sale can be found here. Company insiders own 1.08% of the company’s stock.
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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