Accuvest Global Advisors Acquires 7,252 Shares of Ford Motor Company (F)
Accuvest Global Advisors raised its position in Ford Motor Company (NYSE:F) by 18.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,162 shares of the auto manufacturer’s stock after buying an additional 7,252 shares during the period. Accuvest Global Advisors’ holdings in Ford Motor were worth $517,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Ford Motor by 2.3% in the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock valued at $3,048,866,000 after buying an additional 6,013,577 shares during the last quarter. BlackRock Inc. increased its position in shares of Ford Motor by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after buying an additional 221,597,419 shares during the last quarter. State Street Corp increased its position in shares of Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after buying an additional 3,999,705 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Ford Motor by 0.5% in the first quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock valued at $881,979,000 after buying an additional 391,692 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Ford Motor by 10.8% in the first quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer’s stock valued at $475,306,000 after buying an additional 3,978,850 shares during the last quarter. Hedge funds and other institutional investors own 54.33% of the company’s stock.
Shares of Ford Motor Company (NYSE F) opened at 10.84 on Wednesday. The company has a market cap of $43.05 billion, a PE ratio of 11.41 and a beta of 1.11. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The stock’s 50 day moving average is $11.10 and its 200-day moving average is $11.47.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts expect that Ford Motor Company will post $1.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be issued a $0.15 dividend. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.54%. Ford Motor’s payout ratio is currently 63.16%.
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Several brokerages recently commented on F. Vetr downgraded shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price on the stock. in a research note on Tuesday, July 4th. BidaskClub raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Nomura reaffirmed a “buy” rating and issued a $14.80 target price on shares of Ford Motor in a research note on Tuesday, May 2nd. Berenberg Bank set a $10.00 target price on shares of Ford Motor and gave the stock a “sell” rating in a research note on Monday, June 12th. Finally, Wolfe Research began coverage on shares of Ford Motor in a research note on Tuesday, June 13th. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.54.
In other news, VP John T. Lawler sold 80,624 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the transaction, the vice president now owns 10 shares in the company, valued at approximately $110. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the transaction, the insider now owns 428,411 shares in the company, valued at approximately $4,781,066.76. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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