Bbva Compass Bancshares Inc. decreased its stake in Ford Motor Company (NYSE:F) by 14.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 464,537 shares of the auto manufacturer’s stock after selling 80,541 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Ford Motor were worth $5,560,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in F. Balentine LLC raised its holdings in shares of Ford Motor by 2.6% during the 1st quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after purchasing an additional 231 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Ford Motor during the 2nd quarter valued at $106,000. Archford Capital Strategies LLC raised its holdings in shares of Ford Motor by 7.8% during the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after purchasing an additional 676 shares in the last quarter. Reilly Financial Advisors LLC raised its holdings in shares of Ford Motor by 1.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after purchasing an additional 150 shares in the last quarter. Finally, Kelman Lazarov Inc. bought a new position in shares of Ford Motor during the 2nd quarter valued at $116,000. Institutional investors own 54.22% of the company’s stock.
In related news, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the transaction, the insider now owns 76,358 shares of the company’s stock, valued at approximately $878,117. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,076 shares of company stock valued at $1,599,180. 1.08% of the stock is owned by company insiders.
A number of research analysts have recently weighed in on F shares. BidaskClub upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.60 price target on the stock in a report on Thursday, July 6th. Zacks Investment Research downgraded shares of Ford Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a report on Friday, July 28th. Finally, Nomura reiterated a “neutral” rating and issued a $11.60 target price (down previously from $14.00) on shares of Ford Motor in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.63.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The company had revenue of $33.65 billion for the quarter, compared to the consensus estimate of $32.80 billion. During the same period last year, the company posted $0.26 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 23rd will be issued 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 dividend payout ratio (DPR) is presently 54.55%.
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About Ford Motor
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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