Boston Advisors LLC cut its stake in Ford Motor Company (NYSE:F) by 6.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 27,664 shares of the auto manufacturer’s stock after selling 1,995 shares during the period. Boston Advisors LLC’s holdings in Ford Motor were worth $310,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Bridgewater Associates LP acquired a new position in shares of Ford Motor during the first quarter valued at $2,342,000. Mathes Company Inc. acquired a new position in shares of Ford Motor during the second quarter valued at $571,000. Advisor Partners LLC boosted its position in shares of Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock valued at $362,000 after buying an additional 1,840 shares during the period. AE Wealth Management LLC boosted its position in shares of Ford Motor by 37.5% in the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after buying an additional 46,598 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in shares of Ford Motor during the first quarter valued at $122,000. Hedge funds and other institutional investors own 55.38% of the company’s stock.
Ford Motor Company (F) traded down 0.972% on Thursday, hitting $10.695. The stock had a trading volume of 17,631,337 shares. Ford Motor Company has a 12 month low of $10.67 and a 12 month high of $13.27. The company has a 50-day moving average of $11.22 and a 200 day moving average of $11.55. The company has a market cap of $42.48 billion, a PE ratio of 11.258 and a beta of 1.11.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, analysts predict that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 63.16%.
Several equities analysts have recently weighed in on F shares. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price objective on the stock. in a research note on Wednesday, May 31st. Wolfe Research started coverage on shares of 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 objective on shares of Ford Motor and gave the stock a “sell” rating in a research note on Monday. Zacks Investment Research raised shares of Ford Motor from a “strong sell” rating to a “hold” rating in a report on Monday, April 24th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.60.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the sale, the vice president now owns 10 shares of the company’s stock, valued at $110. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the sale, the insider now directly owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is owned by insiders.
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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