Guggenheim Capital LLC lifted its holdings in Ford Motor (NYSE:F) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,096,102 shares of the auto manufacturer’s stock after acquiring an additional 237,006 shares during the period. Guggenheim Capital LLC owned approximately 0.15% of Ford Motor worth $76,140,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of F. Nationwide Fund Advisors increased its position in Ford Motor by 0.9% in the 3rd quarter. Nationwide Fund Advisors now owns 1,102,511 shares of the auto manufacturer’s stock valued at $13,197,000 after buying an additional 10,082 shares in the last quarter. Andra AP fonden increased its position in Ford Motor by 6.4% in the 3rd quarter. Andra AP fonden now owns 168,200 shares of the auto manufacturer’s stock valued at $2,013,000 after buying an additional 10,100 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Ford Motor by 5.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 140,412 shares of the auto manufacturer’s stock valued at $1,680,000 after buying an additional 6,739 shares in the last quarter. Bessemer Group Inc. increased its position in Ford Motor by 22.5% in the 3rd quarter. Bessemer Group Inc. now owns 42,327 shares of the auto manufacturer’s stock valued at $506,000 after buying an additional 7,782 shares in the last quarter. Finally, Sei Investments Co. increased its position in Ford Motor by 34.7% in the 3rd quarter. Sei Investments Co. now owns 243,443 shares of the auto manufacturer’s stock valued at $2,914,000 after buying an additional 62,722 shares in the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.
In other news, Director John C. Lechleiter acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $10.28 per share, for a total transaction of $51,400.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at $308,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman William Clay Ford, Jr. sold 454,260 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $10.32, for a total value of $4,687,963.20. The disclosure for this sale can be found here. Insiders sold a total of 503,675 shares of company stock worth $5,246,794 in the last 90 days. Company insiders own 1.08% of the company’s stock.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $38.50 billion for the quarter, compared to analyst estimates of $36.96 billion. Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. Ford Motor’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. equities research analysts expect that Ford Motor will post 1.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th were paid a $0.15 dividend. The ex-dividend date was Monday, January 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.59%. Ford Motor’s payout ratio is presently 31.58%.
A number of brokerages recently commented on F. BMO Capital Markets reaffirmed a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a research report on Tuesday, March 6th. Zacks Investment Research raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Nomura decreased their target price on Ford Motor to $11.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Finally, Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.00 price target for the company. in a research note on Monday, January 29th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company’s stock. Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $12.44.
COPYRIGHT VIOLATION NOTICE: “Ford Motor (F) Shares Bought by Guggenheim Capital LLC” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/03/12/ford-motor-f-shares-bought-by-guggenheim-capital-llc.html.
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.
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.