Burney Co. reduced its stake in shares of Ford Motor (NYSE:F) by 40.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,442 shares of the auto manufacturer’s stock after selling 88,465 shares during the period. Burney Co.’s holdings in Ford Motor were worth $1,145,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of F. Trexquant Investment LP raised its stake in Ford Motor by 16.0% in the 1st quarter. Trexquant Investment LP now owns 623,033 shares of the auto manufacturer’s stock valued at $5,470,000 after purchasing an additional 85,962 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Ford Motor in the 1st quarter valued at about $2,333,000. Wealthcare Advisory Partners LLC raised its stake in Ford Motor by 79.6% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 28,172 shares of the auto manufacturer’s stock valued at $247,000 after purchasing an additional 12,482 shares during the last quarter. Hancock Whitney Corp raised its stake in Ford Motor by 242.2% in the 1st quarter. Hancock Whitney Corp now owns 295,083 shares of the auto manufacturer’s stock valued at $2,591,000 after purchasing an additional 208,845 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Ford Motor by 1.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,099,545 shares of the auto manufacturer’s stock valued at $35,994,000 after purchasing an additional 60,081 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.
A number of research firms have recently commented on F. BMO Capital Markets upped their price objective on shares of Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a research note on Monday, May 6th. Citigroup reaffirmed a “reduce” rating on shares of Ford Motor in a research note on Wednesday, April 10th. ValuEngine raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, April 30th. Finally, Nomura downgraded shares of Ford Motor from a “neutral” rating to a “reduce” rating and dropped their price objective for the company from $8.20 to $7.50 in a research note on Friday, April 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.48.
In other Ford Motor news, VP Catherine A. O’callaghan sold 53,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $10.33, for a total value of $547,490.00. Following the completion of the transaction, the vice president now owns 48,275 shares in the company, valued at approximately $498,680.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James P. Hackett sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $9.61, for a total value of $192,200.00. Following the completion of the transaction, the chief executive officer now owns 214,575 shares of the company’s stock, valued at approximately $2,062,065.75. The disclosure for this sale can be found here. 0.83% of the stock is owned by corporate insiders.
F opened at $9.85 on Thursday. The company has a market cap of $39.58 billion, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 0.99 and a beta of 1.13. Ford Motor has a 1 year low of $7.41 and a 1 year high of $12.10. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.22 and a quick ratio of 1.10.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.18. The firm had revenue of $40.34 billion during the quarter, compared to the consensus estimate of $37.37 billion. Ford Motor had a net margin of 1.94% and a return on equity of 14.41%. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. On average, analysts expect that Ford Motor will post 1.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, April 24th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend was Tuesday, April 23rd. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.
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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 worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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