Ford Motor Company (F) Shares Bought by Concorde Asset Management LLC
Concorde Asset Management LLC boosted its stake in Ford Motor Company (NYSE:F) by 682.3% during the third quarter, Holdings Channel reports. The fund owned 114,504 shares of the auto manufacturer’s stock after buying an additional 99,868 shares during the period. Ford Motor Company makes up about 1.7% of Concorde Asset Management LLC’s investment portfolio, making the stock its 12th largest position. Concorde Asset Management LLC’s holdings in Ford Motor Company were worth $1,382,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. 1832 Asset Management L.P. raised its stake in shares of Ford Motor Company by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock valued at $100,000 after buying an additional 1,400 shares during the last quarter. Balentine LLC bought a new position in Ford Motor Company during the second quarter valued at $109,000. Bellwether Investment Group LLC bought a new position in Ford Motor Company during the second quarter valued at $109,000. Hudock Capital Group LLC increased its position in Ford Motor Company by 14.9% in the second quarter. Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer’s stock valued at $116,000 after buying an additional 1,200 shares during the period. Finally, Reilly Financial Advisors LLC increased its position in Ford Motor Company by 2.1% in the third quarter. Reilly Financial Advisors LLC now owns 9,684 shares of the auto manufacturer’s stock valued at $117,000 after buying an additional 200 shares during the period. 53.93% of the stock is owned by institutional investors.
Ford Motor Company (NYSE:F) traded up 0.32% during mid-day trading on Friday, reaching $12.63. The company’s stock had a trading volume of 29,068,660 shares. The firm has a market capitalization of $50.19 billion, a price-to-earnings ratio of 6.98 and a beta of 1.09. The company’s 50-day moving average price is $12.55 and its 200 day moving average price is $12.40. Ford Motor Company has a 52 week low of $11.02 and a 52 week high of $14.22.
Ford Motor Company (NYSE:F) last released its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.06. Ford Motor Company had a net margin of 4.80% and a return on equity of 26.97%. The business had revenue of $35.90 billion for the quarter, compared to analyst estimates of $32.70 billion. During the same period last year, the company posted $0.45 EPS. The business’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts forecast that Ford Motor Company will post $1.80 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Friday, January 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Wednesday, January 18th. Ford Motor Company’s dividend payout ratio (DPR) is 33.15%.
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Several research firms recently weighed in on F. Goldman Sachs Group, Inc. (The) set a $12.00 target price on Ford Motor Company and gave the company a “hold” rating in a research report on Wednesday. TheStreet upgraded Ford Motor Company from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th. RBC Capital Markets reiterated a “hold” rating and set a $13.00 target price on shares of Ford Motor Company in a research report on Wednesday, January 4th. Vetr upgraded Ford Motor Company from a “hold” rating to a “buy” rating and set a $13.50 target price on the stock in a research report on Tuesday, December 27th. Finally, Instinet lifted their target price on Ford Motor Company from $14.00 to $14.50 and gave the company a “buy” rating in a research report on Wednesday, December 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $13.63.
In other Ford Motor Company news, VP Bradley M. Gayton sold 12,278 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $12.44, for a total value of $152,738.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hau N. Thai-Tang sold 17,499 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $13.25, for a total transaction of $231,861.75. Following the completion of the transaction, the insider now directly owns 31,885 shares in the company, valued at $422,476.25. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
Ford Motor Company Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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