Ray Gerald L & Associates Ltd. lowered its stake in shares of Ford Motor Company (NYSE:F) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,076 shares of the auto manufacturer’s stock after selling 8,900 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in Ford Motor were worth $963,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Ford Motor by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock valued at $3,048,866,000 after purchasing an additional 6,013,577 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Ford Motor by 2,991.4% in the 1st quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after purchasing an additional 221,597,419 shares during the last quarter. State Street Corp lifted its stake in shares of Ford Motor by 2.5% in the 1st quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after purchasing an additional 3,999,705 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Ford Motor by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock valued at $881,979,000 after purchasing an additional 391,692 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Ford Motor by 10.8% in the 1st quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer’s stock valued at $475,306,000 after purchasing an additional 3,978,850 shares during the last quarter. 54.35% of the stock is currently owned by institutional investors.
F has been the topic of several recent analyst reports. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price target on the stock. in a research note on Wednesday, May 31st. Morgan Stanley upped their price target on Ford Motor from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday, June 9th. Wolfe Research initiated coverage on Ford Motor in a research note on Tuesday, June 13th. They issued a “market perform” rating on the stock. Berenberg Bank set a $10.00 price target on Ford Motor and gave the company a “sell” rating in a research note on Monday, June 12th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $12.50 price target (down previously from $14.00) on shares of Ford Motor in a research note on Friday, June 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. Ford Motor currently has an average rating of “Hold” and a consensus price target of $12.46.
In other news, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total transaction of $453,600.00. Following the sale, the insider now directly owns 532,435 shares of the company’s stock, valued at $6,037,812.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $11.40, for a total value of $285,000.00. Following the sale, the insider now directly owns 403,411 shares in the company, valued at $4,598,885.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 170,624 shares of company stock worth $1,912,964. 1.08% of the stock is currently owned by insiders.
Shares of Ford Motor Company (NYSE F) opened at 11.72 on Friday. The firm’s 50-day moving average price is $11.06 and its 200 day moving average price is $11.32. The stock has a market cap of $46.55 billion, a P/E ratio of 12.34 and a beta of 1.12. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. Ford Motor also saw unusually large options trading on Wednesday. Stock investors bought 43,401 call options on the company. This represents an increase of approximately 178% compared to the typical daily volume of 15,614 call options.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion for 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%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Equities research analysts expect that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend was Thursday, July 20th. Ford Motor’s dividend payout ratio is presently 63.16%.
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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