Smith Salley & Associates decreased its position in Ford Motor (NYSE:F) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,932 shares of the auto manufacturer’s stock after selling 17,682 shares during the quarter. Smith Salley & Associates’ holdings in Ford Motor were worth $1,840,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Ford Motor in the second quarter worth $101,000. Credit Agricole S A grew its stake in shares of Ford Motor by 135.0% in the second quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock worth $104,000 after acquiring an additional 5,400 shares during the last quarter. CLARET ASSET MANAGEMENT Corp acquired a new stake in shares of Ford Motor in the third quarter worth $106,000. Kaizen Advisory LLC grew its stake in shares of Ford Motor by 155.5% in the second quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock worth $108,000 after acquiring an additional 5,931 shares during the last quarter. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of Ford Motor in the second quarter worth $112,000. 54.14% of the stock is currently owned by institutional investors.
In other news, VP Steven R. Armstrong sold 13,000 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $9.54, for a total value of $124,020.00. Following the sale, the vice president now owns 94,527 shares in the company, valued at approximately $901,787.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray T. Charley bought 4,000 shares of Ford Motor stock in a transaction dated Monday, October 29th. The stock was purchased at an average price of $12.90 per share, for a total transaction of $51,600.00. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by insiders.
F opened at $9.38 on Friday. Ford Motor has a fifty-two week low of $8.17 and a fifty-two week high of $13.48. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21. The firm has a market cap of $38.14 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 1.35 and a beta of 0.68.
Ford Motor (NYSE:F) last issued its earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. The company had revenue of $34.66 billion for the quarter, compared to the consensus estimate of $32.05 billion. During the same quarter in the previous year, the company earned $0.43 EPS. On average, sell-side analysts anticipate that Ford Motor will post 1.34 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, October 23rd will be paid a $0.15 dividend. The ex-dividend date is Monday, October 22nd. This represents a $0.60 annualized dividend and a dividend yield of 6.40%. Ford Motor’s dividend payout ratio is presently 33.71%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Ford Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Guggenheim reiterated a “hold” rating and set a $11.50 price target on shares of Ford Motor in a research note on Friday, July 27th. Buckingham Research decreased their price target on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Nomura decreased their price target on shares of Ford Motor from $9.00 to $8.10 and set a “neutral” rating on the stock in a research note on Tuesday, October 30th. Finally, ValuEngine upgraded shares of Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. Ford Motor currently has a consensus rating of “Hold” and an average target price of $11.27.
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About Ford Motor
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.
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