People s United Financial Inc. reduced its stake in Ford Motor (NYSE:F) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,963 shares of the auto manufacturer’s stock after selling 41,959 shares during the quarter. People s United Financial Inc.’s holdings in Ford Motor were worth $1,165,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. American International Group Inc. increased its stake in shares of Ford Motor by 0.4% during the 3rd quarter. American International Group Inc. now owns 1,707,885 shares of the auto manufacturer’s stock worth $15,798,000 after purchasing an additional 6,927 shares during the last quarter. Kiley Juergens Wealth Management LLC grew its position in shares of Ford Motor by 96.2% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 18,047 shares of the auto manufacturer’s stock worth $166,000 after purchasing an additional 8,850 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of Ford Motor during the 2nd quarter worth approximately $678,000. Gradient Investments LLC lifted its holdings in shares of Ford Motor by 63.9% during the 3rd quarter. Gradient Investments LLC now owns 16,354 shares of the auto manufacturer’s stock worth $151,000 after acquiring an additional 6,376 shares during the period. Finally, Putnam Investments LLC lifted its holdings in shares of Ford Motor by 444.1% during the 2nd quarter. Putnam Investments LLC now owns 3,473,537 shares of the auto manufacturer’s stock worth $38,452,000 after acquiring an additional 2,835,131 shares during the period. 54.07% of the stock is currently owned by institutional investors and hedge funds.
F opened at $8.82 on Friday. Ford Motor has a 52-week low of $8.17 and a 52-week 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. The stock has a market cap of $35.84 billion, a price-to-earnings ratio of 6.54, a P/E/G ratio of 1.26 and a beta of 0.68.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm 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 prior year, the business earned $0.43 EPS. As a group, analysts expect that Ford Motor will post 1.36 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date of this dividend was Monday, October 22nd. Ford Motor’s dividend payout ratio (DPR) is currently 33.71%.
F has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Ford Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Nomura reduced their price target on shares of Ford Motor from $9.00 to $8.10 and set a “neutral” rating for the company in a report on Tuesday, October 30th. Buckingham Research dropped their price objective 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. ValuEngine raised shares of Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Finally, Bank of America dropped their price target on shares of Ford Motor from $12.50 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. Ford Motor has a consensus rating of “Hold” and a consensus target price of $11.27.
In other news, VP Steven R. Armstrong sold 13,000 shares of Ford Motor stock in a transaction on Monday, September 24th. The stock was sold at an average price of $9.54, for a total transaction of $124,020.00. Following the completion of the sale, the vice president now directly owns 94,527 shares in the company, valued at $901,787.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ray T. Charley bought 4,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were acquired at an average price of $12.90 per share, with a total value of $51,600.00. The disclosure for this purchase can be found here. Company insiders own 0.95% of the company’s stock.
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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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