Blue Chip Partners Inc. trimmed its stake in Ford Motor Company (NYSE:F) by 54.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,914 shares of the auto manufacturer’s stock after selling 117,604 shares during the period. Blue Chip Partners Inc.’s holdings in Ford Motor were worth $1,107,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of F. RFG Advisory Group LLC purchased a new position in Ford Motor during the 2nd quarter worth $144,000. First National Trust Co. boosted its holdings in shares of Ford Motor by 5.8% in the second quarter. First National Trust Co. now owns 155,266 shares of the auto manufacturer’s stock valued at $1,737,000 after acquiring an additional 8,444 shares in the last quarter. Lincoln National Corp boosted its holdings in shares of Ford Motor by 2.4% in the second quarter. Lincoln National Corp now owns 32,512 shares of the auto manufacturer’s stock valued at $363,000 after acquiring an additional 764 shares in the last quarter. Welch Group LLC purchased a new stake in shares of Ford Motor in the second quarter valued at about $561,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Ford Motor by 1.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,562,462 shares of the auto manufacturer’s stock valued at $118,194,000 after acquiring an additional 181,324 shares in the last quarter. 54.34% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Ford Motor Company (NYSE:F) opened at 11.62 on Friday. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The firm’s 50 day moving average is $11.03 and its 200-day moving average is $11.35. The firm has a market capitalization of $46.15 billion, a PE ratio of 12.23 and a beta of 1.12.
Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. On average, equities research analysts predict that Ford Motor Company will post $1.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were given a $0.15 dividend. The ex-dividend date was Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.16%. Ford Motor’s dividend payout ratio (DPR) is currently 63.16%.
F has been the subject of several recent analyst reports. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price objective for the company. in a research note on Tuesday, July 4th. Jefferies Group LLC restated a “hold” rating and set a $12.00 target price on shares of Ford Motor in a research report on Monday, May 22nd. Berenberg Bank set a $10.00 target price on shares of Ford Motor and gave the stock a “sell” rating in a research report on Monday, June 12th. Guggenheim assumed coverage on shares of Ford Motor in a research report on Wednesday, June 21st. They set a “neutral” rating and a $13.00 target price for the company. Finally, ValuEngine downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.51.
In related news, VP John T. Lawler sold 80,624 shares of the firm’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 completion of the transaction, the vice president now directly owns 10 shares of the company’s stock, valued at $110. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at $6,037,812.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 170,624 shares of company stock valued at $1,912,964. 1.08% of the stock is owned by company insiders.
Ford Motor 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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