Brown Advisory Inc. Has $989,000 Stake in Ford Motor (F)
Brown Advisory Inc. lessened its stake in shares of Ford Motor (NYSE:F) by 16.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 79,281 shares of the auto manufacturer’s stock after selling 16,121 shares during the quarter. Brown Advisory Inc.’s holdings in Ford Motor were worth $989,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. raised its holdings in shares of Ford Motor by 5.2% during the fourth quarter. Pinnacle Associates Ltd. now owns 119,730 shares of the auto manufacturer’s stock valued at $1,495,000 after acquiring an additional 5,941 shares in the last quarter. Mutual Advisors LLC bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $347,000. Brown Advisory Securities LLC raised its holdings in shares of Ford Motor by 77.1% during the fourth quarter. Brown Advisory Securities LLC now owns 58,066 shares of the auto manufacturer’s stock valued at $724,000 after acquiring an additional 25,287 shares in the last quarter. West Chester Capital Advisors Inc. bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $941,000. Finally, State of Tennessee Treasury Department raised its holdings in shares of Ford Motor by 13.9% during the fourth quarter. State of Tennessee Treasury Department now owns 2,323,657 shares of the auto manufacturer’s stock valued at $29,022,000 after acquiring an additional 283,997 shares in the last quarter. 54.94% of the stock is owned by hedge funds and other institutional investors.
Ford Motor (F) opened at $10.40 on Friday. Ford Motor has a twelve month low of $10.14 and a twelve month high of $13.48. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 2.94. The firm has a market capitalization of $41,320.00, a price-to-earnings ratio of 5.78, a PEG ratio of 0.63 and a beta of 1.12.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, January 29th. This represents a $0.60 annualized dividend and a dividend yield of 5.77%. Ford Motor’s payout ratio is presently 33.33%.
In other Ford Motor news, Director John C. Lechleiter acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $10.28 per share, with a total value of $51,400.00. Following the completion of the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $308,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven R. Armstrong sold 10,752 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total value of $132,464.64. Following the sale, the insider now directly owns 101,159 shares in the company, valued at $1,246,278.88. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.
A number of brokerages recently commented on F. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Nomura decreased their target price on Ford Motor to $11.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Cascend Securities downgraded Ford Motor to a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Ford Motor in a report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.54.
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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