First Interstate Bank raised its stake in shares of Ford Motor Company (NYSE:F) by 7.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 505,100 shares of the auto manufacturer’s stock after purchasing an additional 33,081 shares during the quarter. First Interstate Bank’s holdings in Ford Motor were worth $6,046,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. CWA Asset Management Group LLC acquired a new position in Ford Motor during the 1st quarter valued at approximately $122,000. Schwab Charles Investment Management Inc. increased its stake in shares of Ford Motor by 8.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 14,616,542 shares of the auto manufacturer’s stock worth $163,560,000 after acquiring an additional 1,193,656 shares during the period. Candriam Luxembourg S.C.A. increased its stake in shares of Ford Motor by 10.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 348,886 shares of the auto manufacturer’s stock worth $3,904,000 after acquiring an additional 31,715 shares during the period. BlueMountain Capital Management LLC increased its stake in shares of Ford Motor by 92.9% in the second quarter. BlueMountain Capital Management LLC now owns 198,047 shares of the auto manufacturer’s stock worth $2,216,000 after acquiring an additional 95,361 shares during the period. Finally, Advisors Capital Management LLC increased its stake in shares of Ford Motor by 21.2% in the third quarter. Advisors Capital Management LLC now owns 483,120 shares of the auto manufacturer’s stock worth $5,783,000 after acquiring an additional 84,375 shares during the period. Institutional investors and hedge funds own 53.39% of the company’s stock.
F has been the topic of a number of research reports. TheStreet upgraded shares of Ford Motor from a “c+” rating to a “b-” rating in a research note on Thursday, October 5th. Piper Jaffray Companies reiterated a “buy” rating and issued a $14.00 price objective on shares of Ford Motor in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “buy” rating on shares of Ford Motor in a research note on Tuesday, August 15th. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price objective on the stock. in a research note on Monday, September 4th. Finally, ValuEngine upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. Ford Motor currently 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, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.10. The firm had revenue of $33.65 billion for the quarter, compared to the consensus estimate of $32.80 billion. Ford Motor had a net margin of 4.31% and a return on equity of 19.16%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. analysts forecast that Ford Motor Company will post 1.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Friday, October 20th. Ford Motor’s dividend payout ratio is currently 54.55%.
In related news, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total transaction of $273,080.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the sale, the insider now owns 76,358 shares of the company’s stock, valued at $878,117. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,076 shares of company stock worth $1,599,180. Insiders own 1.08% of the company’s stock.
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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