Beese Fulmer Investment Management Inc. Makes New $103,000 Investment in Ford Motor (NYSE:F)

Beese Fulmer Investment Management Inc. acquired a new stake in shares of Ford Motor (NYSE:F) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,099 shares of the auto manufacturer’s stock, valued at approximately $103,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in F. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Ford Motor by 25.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,146,997 shares of the auto manufacturer’s stock valued at $10,071,000 after buying an additional 232,639 shares during the last quarter. Norges Bank acquired a new stake in shares of Ford Motor in the 4th quarter worth approximately $161,692,000. Nordea Investment Management AB lifted its stake in shares of Ford Motor by 1.6% in the 1st quarter. Nordea Investment Management AB now owns 495,957 shares of the auto manufacturer’s stock worth $4,353,000 after acquiring an additional 7,574 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Ford Motor by 49.3% in the 1st quarter. Wesbanco Bank Inc. now owns 116,674 shares of the auto manufacturer’s stock worth $1,024,000 after acquiring an additional 38,535 shares during the period. Finally, Wealth Alliance Advisory Group LLC acquired a new stake in shares of Ford Motor in the 1st quarter worth approximately $204,000. 52.34% of the stock is owned by institutional investors.

Several research firms recently commented on F. BMO Capital Markets lowered shares of Iamgold from an “outperform” rating to a “market perform” rating in a research note on Monday, May 6th. Bank of America reissued a “hold” rating on shares of TELUS in a research note on Friday, May 10th. Credit Suisse Group began coverage on shares of Magna International in a research note on Wednesday, June 26th. They set a “neutral” rating and a $55.00 target price for the company. Jefferies Financial Group cut their target price on shares of CommVault Systems to $65.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $10.00 target price on shares of Ford Motor and gave the company a “hold” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.70.

Ford Motor stock traded up $0.15 during trading hours on Tuesday, hitting $10.17. The company had a trading volume of 73,123,645 shares, compared to its average volume of 39,695,230. The firm has a market capitalization of $40.69 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.02 and a beta of 1.13. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 2.82. The company’s fifty day moving average is $10.09. Ford Motor has a fifty-two week low of $7.41 and a fifty-two week high of $10.74.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.18. The firm had revenue of $40.34 billion for the quarter, compared to analyst estimates of $37.37 billion. Ford Motor had a net margin of 1.94% and a return on equity of 14.41%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. As a group, analysts expect that Ford Motor will post 1.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, July 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $0.60 annualized dividend and a yield of 5.90%. Ford Motor’s dividend payout ratio is presently 46.15%.

In other Ford Motor news, CEO James P. Hackett sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $9.61, for a total value of $192,200.00. Following the transaction, the chief executive officer now owns 214,575 shares in the company, valued at approximately $2,062,065.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Catherine A. O’callaghan sold 53,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $10.33, for a total transaction of $547,490.00. Following the completion of the transaction, the vice president now owns 48,275 shares in the company, valued at approximately $498,680.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,000 shares of company stock worth $1,254,940. Company insiders own 0.83% 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 worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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

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