Blair William & Co. IL cut its holdings in shares of Ford Motor (NYSE:F) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,017 shares of the auto manufacturer’s stock after selling 13,566 shares during the quarter. Blair William & Co. IL’s holdings in Ford Motor were worth $1,388,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Credit Agricole S A increased 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 buying an additional 5,400 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Ford Motor in the second quarter worth $113,000. MAI Capital Management purchased a new position in shares of Ford Motor in the second quarter worth $117,000. CLARET ASSET MANAGEMENT Corp purchased a new position in shares of Ford Motor in the third quarter worth $106,000. Finally, Meridian Investment Counsel Inc. purchased a new position in shares of Ford Motor in the second quarter worth $128,000. 54.07% of the stock is currently owned by hedge funds and other institutional investors.
In other Ford Motor news, Director Ray T. Charley bought 4,000 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was acquired at an average price of $12.90 per share, with a total value of $51,600.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Steven R. Armstrong sold 13,000 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $9.54, for a total value of $124,020.00. Following the completion of the transaction, the vice president now directly owns 94,527 shares of the company’s stock, valued at approximately $901,787.58. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.
Shares of Ford Motor stock opened at $8.82 on Friday. The stock has a market capitalization of $36.48 billion, a P/E ratio of 4.96, a PEG ratio of 1.28 and a beta of 0.68. Ford Motor has a 1 year low of $8.17 and a 1 year high of $13.48. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.80.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The company had revenue of $34.66 billion for the quarter, compared to analysts’ expectations of $32.05 billion. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. During the same quarter in the previous year, the business posted $0.43 EPS. As a group, analysts expect that Ford Motor will post 1.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Tuesday, October 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date was Monday, October 22nd. Ford Motor’s payout ratio is 33.71%.
F has been the topic of several analyst reports. Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $12.00 in a research note on Monday, October 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Ford Motor in a research note on Friday, October 5th. TheStreet downgraded shares of Ford Motor from a “b-” rating to a “c+” rating in a research note on Monday, August 13th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $14.00 to $10.00 in a report on Friday, October 19th. Finally, Barclays cut their price target on shares of Ford Motor from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $11.27.
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.
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