Ajo LP Has $6.65 Million Position in Ford Motor Company (F)
Ajo LP reduced its position in Ford Motor Company (NYSE:F) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 594,077 shares of the auto manufacturer’s stock after selling 43,127 shares during the period. Ajo LP’s holdings in Ford Motor were worth $6,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridgewater Associates LP acquired a new stake in shares of Ford Motor in the first quarter valued at about $2,342,000. Mathes Company Inc. acquired a new stake in shares of Ford Motor in the second quarter valued at about $571,000. CWA Asset Management Group LLC acquired a new stake in shares of Ford Motor in the first quarter valued at about $122,000. AE Wealth Management LLC raised its position in shares of Ford Motor by 37.5% in the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after buying an additional 46,598 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after buying an additional 333,821 shares during the last quarter. Hedge funds and other institutional investors own 54.35% of the company’s stock.
Shares of Ford Motor Company (NYSE:F) opened at 11.97 on Friday. The company has a 50-day moving average of $11.06 and a 200 day moving average of $11.32. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The firm has a market cap of $47.54 billion, a PE ratio of 12.60 and a beta of 1.12.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. On average, equities research analysts expect that Ford Motor Company will post $1.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Thursday, July 20th. Ford Motor’s dividend payout ratio is presently 63.16%.
F has been the subject of a number of analyst reports. Berenberg Bank set a $10.00 price objective on shares of Ford Motor and gave the company a “sell” rating in a report on Monday, June 12th. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price objective for the company. in a report on Tuesday, July 4th. Guggenheim initiated coverage on shares of Ford Motor in a report on Wednesday, June 21st. They issued a “neutral” rating and a $13.00 price objective for the company. ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Buckingham Research reissued a “hold” rating and issued a $11.00 price objective on shares of Ford Motor in a report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.45.
In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $12.00, for a total value of $300,000.00. Following the completion of the transaction, the insider now owns 51,358 shares in the company, valued at approximately $616,296. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares of the company’s stock, valued at approximately $110. The disclosure for this sale can be found here. In the last 90 days, insiders sold 195,624 shares of company stock valued at $2,212,964. 1.08% of the stock is owned by company insiders.
Ford Motor Company Profile
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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