BB&T Investment Services Inc. Takes Position in Ford Motor Company (F)

BB&T Investment Services Inc. purchased a new stake in shares of Ford Motor Company (NYSE:F) in the second quarter, according to its most recent filing with the SEC. The firm purchased 59,155 shares of the auto manufacturer’s stock, valued at approximately $661,000.

Several other hedge funds also recently bought and sold shares of the company. Argent Trust Co lifted its position in shares of Ford Motor by 0.3% during the 1st quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock valued at $131,000 after acquiring an additional 30 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of Ford Motor by 0.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 10,997 shares of the auto manufacturer’s stock valued at $123,000 after acquiring an additional 33 shares during the period. FNY Managed Accounts LLC lifted its position in shares of Ford Motor by 0.3% during the 1st quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after acquiring an additional 34 shares during the period. Donaldson Capital Management LLC lifted its position in shares of Ford Motor by 0.3% during the 2nd quarter. Donaldson Capital Management LLC now owns 13,851 shares of the auto manufacturer’s stock valued at $155,000 after acquiring an additional 43 shares during the period. Finally, Gainplan LLC lifted its position in shares of Ford Motor by 0.4% during the 2nd quarter. Gainplan LLC now owns 11,072 shares of the auto manufacturer’s stock valued at $124,000 after acquiring an additional 45 shares during the period. Institutional investors own 54.33% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $13.00 price target on shares of Ford Motor in a research report on Monday, September 18th. Piper Jaffray Companies reiterated a “buy” rating and set a $14.00 price target on shares of Ford Motor in a research report on Friday, July 28th. Vetr downgraded shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price target for the company. in a research report on Monday, September 4th. Finally, Instinet downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and reduced their price target for the company from $14.80 to $11.60 in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.44.

In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $12.00, for a total value of $300,000.00. Following the completion of the sale, the insider now owns 51,358 shares in the company, valued at approximately $616,296. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 217,700 shares of company stock valued at $2,486,044. Insiders own 1.08% of the company’s stock.

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Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue was down .5% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a yield of 4.89%. Ford Motor’s payout ratio is 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.

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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