Anchor Capital Advisors LLC Sells 28,970 Shares of Ford Motor Company (F)
Anchor Capital Advisors LLC trimmed its position in shares of Ford Motor Company (NYSE:F) by 3.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 933,793 shares of the auto manufacturer’s stock after selling 28,970 shares during the period. Anchor Capital Advisors LLC’s holdings in Ford Motor were worth $11,178,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Hyman Charles D raised its position in Ford Motor by 4.7% during the first quarter. Hyman Charles D now owns 904,184 shares of the auto manufacturer’s stock valued at $10,525,000 after buying an additional 40,611 shares during the period. Summit Financial Wealth Advisors LLC increased its holdings in Ford Motor by 6.5% during the first quarter. Summit Financial Wealth Advisors LLC now owns 233,028 shares of the auto manufacturer’s stock valued at $2,712,000 after buying an additional 14,252 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Ford Motor by 12.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 85,736 shares of the auto manufacturer’s stock worth $998,000 after purchasing an additional 9,489 shares during the period. BB&T Securities LLC boosted its position in shares of Ford Motor by 1.0% in the first quarter. BB&T Securities LLC now owns 2,996,916 shares of the auto manufacturer’s stock worth $34,883,000 after purchasing an additional 30,102 shares during the period. Finally, LMR Partners LLP bought a new position in shares of Ford Motor in the first quarter worth approximately $1,810,000. Hedge funds and other institutional investors own 54.31% of the company’s stock.
A number of equities analysts have weighed in on F shares. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price target for the company in a research report on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 target price on shares of Ford Motor in a report on Friday, July 28th. BidaskClub lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Nomura reaffirmed a “neutral” rating and set a $11.60 target price (down from $14.00) on shares of Ford Motor in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $12.63.
Shares of Ford Motor Company (NYSE F) traded up $0.15 on Tuesday, reaching $12.16. The company had a trading volume of 30,415,800 shares, compared to its average volume of 37,906,246. The firm has a market capitalization of $47,810.00, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 0.62 and a beta of 1.25. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The firm had revenue of $33.65 billion during the quarter, compared to the consensus estimate of $32.80 billion. During the same period last year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. equities research analysts predict that Ford Motor Company will post 1.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Friday, October 20th. Ford Motor’s dividend payout ratio is presently 54.55%.
In other Ford Motor news, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total value of $273,080.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total value of $287,500.00. Following the completion of the transaction, the insider now owns 76,358 shares of the company’s stock, valued at approximately $878,117. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,076 shares of company stock valued at $1,599,180. Corporate insiders own 1.08% of the company’s stock.
Ford Motor 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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