SeaCrest Wealth Management LLC bought a new position in shares of Ford Motor (NYSE:F) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 82,873 shares of the auto manufacturer’s stock, valued at approximately $1,035,000.
Several other hedge funds have also modified their holdings of F. Stuart Chaussee & Associates Inc. acquired a new stake in Ford Motor during the 4th quarter valued at $274,000. Aperio Group LLC boosted its holdings in shares of Ford Motor by 30.8% during the fourth quarter. Aperio Group LLC now owns 1,312,182 shares of the auto manufacturer’s stock worth $16,389,000 after purchasing an additional 308,847 shares during the last quarter. Telemus Capital LLC acquired a new stake in shares of Ford Motor during the fourth quarter worth $1,257,000. Cedar Capital LLC acquired a new stake in shares of Ford Motor during the fourth quarter worth $126,000. Finally, WealthTrust Axiom LLC boosted its holdings in shares of Ford Motor by 5.6% during the fourth quarter. WealthTrust Axiom LLC now owns 112,200 shares of the auto manufacturer’s stock worth $1,401,000 after purchasing an additional 6,000 shares during the last quarter. 54.10% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on F. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Nomura cut their price objective on Ford Motor to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Royal Bank of Canada reissued a “sector perform” rating and issued a $13.00 price objective on shares of Ford Motor in a research report on Monday, October 16th. Jefferies Group raised their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group reaffirmed a “hold” rating on shares of Ford Motor in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company. Ford Motor currently has an average rating of “Hold” and an average target price of $12.54.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. The company had revenue of $38.50 billion during the quarter, compared to the consensus estimate of $36.96 billion. During the same period in the prior year, the company posted $0.30 EPS. Ford Motor’s quarterly revenue was up 6.9% on a year-over-year basis. equities analysts predict that Ford Motor will post 1.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, January 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.70%. The ex-dividend date is Monday, January 29th. Ford Motor’s dividend payout ratio (DPR) is currently 31.58%.
In related news, insider Steven R. Armstrong sold 10,752 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total value of $132,464.64. Following the completion of the sale, the insider now directly owns 101,159 shares in the company, valued at $1,246,278.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hau N. Thai-Tang sold 19,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total transaction of $237,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,752 shares of company stock worth $603,965. Company insiders own 1.08% of the company’s stock.
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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