Trust Co. of Oklahoma raised its position in Ford Motor (NYSE:F) by 31.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 41,700 shares of the auto manufacturer’s stock after purchasing an additional 10,000 shares during the period. Trust Co. of Oklahoma’s holdings in Ford Motor were worth $462,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of F. Clearbridge Investments LLC boosted its stake in shares of Ford Motor by 91.3% during the fourth quarter. Clearbridge Investments LLC now owns 10,475 shares of the auto manufacturer’s stock valued at $129,000 after acquiring an additional 5,000 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Ford Motor by 8.7% during the fourth quarter. LPL Financial LLC now owns 1,583,549 shares of the auto manufacturer’s stock valued at $19,779,000 after acquiring an additional 126,662 shares during the last quarter. Financial Advocates Investment Management acquired a new stake in shares of Ford Motor during the fourth quarter valued at $829,000. Vident Investment Advisory LLC boosted its stake in shares of Ford Motor by 71.3% during the fourth quarter. Vident Investment Advisory LLC now owns 21,339 shares of the auto manufacturer’s stock valued at $267,000 after acquiring an additional 8,883 shares during the last quarter. Finally, MainStreet Investment Advisors LLC acquired a new stake in shares of Ford Motor during the fourth quarter valued at $133,000. 55.27% of the stock is currently owned by institutional investors.
A number of analysts recently commented on the company. ValuEngine raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Thursday, May 24th. Morgan Stanley set a $16.00 price objective on Ford Motor and gave the company a “buy” rating in a research note on Thursday, May 24th. Jefferies Financial Group raised Ford Motor from a “hold” rating to a “buy” rating and increased their price objective for the company from $10.14 to $13.00 in a research note on Tuesday, May 29th. Piper Jaffray Companies lowered Ford Motor from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $13.48 to $12.00 in a research note on Tuesday, May 15th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. increased their price objective on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, April 26th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $12.71.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 25th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Ford Motor had a return on equity of 21.31% and a net margin of 4.86%. The firm had revenue of $41.96 billion for the quarter, compared to the consensus estimate of $37.06 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities analysts anticipate that Ford Motor will post 1.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Monday, July 23rd will be issued a $0.15 dividend. The ex-dividend date is Friday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.46%. Ford Motor’s dividend payout ratio (DPR) is 33.71%.
In other news, Director John C. Lechleiter acquired 5,000 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were bought at an average cost of $11.17 per share, for a total transaction of $55,850.00. Following the acquisition, the director now directly owns 34,400 shares in the company, valued at approximately $384,248. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.95% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F).
Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.