Ford Motor Co. (F) Announces Quarterly Dividend of $0.15
Ford Motor Co. (NYSE:F) declared a quarterly dividend on Thursday, October 13th. Stockholders of record on Thursday, October 27th will be paid a dividend of 0.15 per share by the auto manufacturer on Thursday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 5.02%.
Ford Motor (NYSE:F) opened at 11.96 on Thursday. Ford Motor has a one year low of $11.02 and a one year high of $15.84. The firm has a market capitalization of $47.52 billion, a P/E ratio of 5.64 and a beta of 1.27. The stock has a 50 day moving average price of $12.28 and a 200 day moving average price of $12.87.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The firm had revenue of $39.50 million for the quarter, compared to analyst estimates of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 EPS. On average, equities analysts predict that Ford Motor will post $1.82 EPS for the current fiscal year.
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A number of analysts have weighed in on F shares. Jefferies Group restated a “sell” rating on shares of Ford Motor in a research report on Sunday, September 4th. Barclays PLC restated an “equal weight” rating and issued a $13.00 target price (down previously from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Nomura started coverage on shares of Ford Motor in a research report on Tuesday, September 20th. They issued a “buy” rating and a $14.00 target price on the stock. Credit Agricole SA cut their target price on shares of Ford Motor from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $13.00 target price on shares of Ford Motor in a research report on Friday, September 16th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $14.06.
In related news, Director John C. Lechleiter acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $306,500. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sankar S. Nair sold 82,000 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the completion of the transaction, the insider now owns 32,969 shares of the company’s stock, valued at $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of F. 1832 Asset Management L.P. raised its position in shares of Ford Motor by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock valued at $100,000 after buying an additional 1,400 shares during the last quarter. Bellwether Investment Group LLC acquired a new position in shares of Ford Motor during the second quarter valued at about $109,000. Lakeview Capital Partners LLC acquired a new position in shares of Ford Motor during the second quarter valued at about $125,000. Valley National Advisers Inc. raised its position in shares of Ford Motor by 0.8% in the second quarter. Valley National Advisers Inc. now owns 11,363 shares of the auto manufacturer’s stock valued at $143,000 after buying an additional 86 shares during the last quarter. Finally, Cypress Capital Group acquired a new position in shares of Ford Motor during the second quarter valued at about $162,000. Institutional investors own 56.05% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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