Capital Investment Advisory Services LLC reduced its stake in Ford Motor (NYSE:F) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,408 shares of the auto manufacturer’s stock after selling 4,632 shares during the period. Capital Investment Advisory Services LLC’s holdings in Ford Motor were worth $565,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Ford Motor by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock worth $399,887,000 after purchasing an additional 3,950,938 shares during the last quarter. LSV Asset Management boosted its holdings in Ford Motor by 12.9% during the second quarter. LSV Asset Management now owns 27,852,963 shares of the auto manufacturer’s stock worth $284,935,000 after purchasing an additional 3,176,786 shares during the last quarter. Bluestein R H & Co. boosted its holdings in Ford Motor by 259.2% during the first quarter. Bluestein R H & Co. now owns 2,329,166 shares of the auto manufacturer’s stock worth $20,450,000 after purchasing an additional 1,680,793 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Ford Motor by 32.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 6,072,509 shares of the auto manufacturer’s stock valued at $62,121,000 after buying an additional 1,497,208 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Ford Motor by 12.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 11,237,829 shares of the auto manufacturer’s stock valued at $98,668,000 after buying an additional 1,232,732 shares during the last quarter. 53.86% of the stock is owned by institutional investors.
F has been the topic of a number of analyst reports. Morgan Stanley raised shares of Ford Motor from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $12.00 in a report on Tuesday, August 6th. TheStreet cut shares of Ford Motor from a “b-” rating to a “c” rating in a report on Friday, July 26th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $10.50 price target on shares of Ford Motor in a report on Thursday, July 25th. Goldman Sachs Group set a $13.00 price target on shares of Ford Motor and gave the company a “buy” rating in a research report on Thursday, June 13th. Finally, Bank of America lowered shares of Ford Motor to a “buy” rating and set a $13.00 target price for the company. in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.33.
Ford Motor stock traded up $0.08 during midday trading on Friday, hitting $9.50. 5,046,681 shares of the stock were exchanged, compared to its average volume of 31,487,964. The stock’s 50-day simple moving average is $9.25 and its 200 day simple moving average is $9.53. The stock has a market capitalization of $37.58 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 1.00 and a beta of 1.14. Ford Motor has a fifty-two week low of $7.41 and a fifty-two week high of $10.56. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.86.
Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $35.91 billion for the quarter, compared to analyst estimates of $35.21 billion. Ford Motor had a net margin of 1.37% and a return on equity of 14.92%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. Equities analysts anticipate that Ford Motor will post 1.29 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, July 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date was Monday, July 22nd. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.
In other news, CEO James P. Hackett sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $9.16, for a total transaction of $183,200.00. Following the completion of the transaction, the chief executive officer now directly owns 174,575 shares in the company, valued at approximately $1,599,107. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman William Clay Ford, Jr. bought 840,962 shares of Ford Motor stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $9.51 per share, with a total value of $7,997,548.62. Following the completion of the purchase, the chairman now owns 1,100,617 shares in the company, valued at approximately $10,466,867.67. The disclosure for this purchase can be found here. In the last three months, insiders have sold 115,000 shares of company stock valued at $1,128,650. Corporate insiders own 0.83% of the company’s stock.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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