Chicago Equity Partners LLC Sells 130,955 Shares of Ford Motor Company (F)
Chicago Equity Partners LLC cut its stake in Ford Motor Company (NYSE:F) by 48.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 136,600 shares of the auto manufacturer’s stock after selling 130,955 shares during the quarter. Chicago Equity Partners LLC’s holdings in Ford Motor were worth $1,635,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Ford Motor by 1.0% during the second quarter. Vanguard Group Inc. now owns 264,421,059 shares of the auto manufacturer’s stock valued at $2,958,871,000 after buying an additional 2,491,009 shares during the period. BlackRock Inc. boosted its stake in Ford Motor by 2.4% during the second quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock valued at $2,624,814,000 after buying an additional 5,562,630 shares during the period. State Street Corp boosted its stake in Ford Motor by 2.5% during 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 period. Franklin Resources Inc. boosted its stake in Ford Motor by 5.7% during the second quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock valued at $981,407,000 after buying an additional 4,706,379 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Ford Motor by 0.5% during 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 period. Institutional investors own 54.31% of the company’s stock.
In other Ford Motor news, insider Steven R. Armstrong sold 22,076 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total transaction of $273,080.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total value of $453,600.00. Following the transaction, the insider now owns 532,435 shares in the company, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. Insiders have sold a total of 137,076 shares of company stock worth $1,599,180 in the last quarter. Company insiders own 1.08% of the company’s stock.
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Ford Motor Company (NYSE F) opened at $12.16 on Tuesday. Ford Motor Company has a twelve month low of $10.47 and a twelve month high of $13.27. The stock has a market capitalization of $47,707.35, a PE ratio of 7.15, a P/E/G ratio of 0.62 and a beta of 1.24. The company has a current ratio of 1.19, a quick ratio of 1.08 and a debt-to-equity ratio of 2.94.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The company had revenue of $33.65 billion for the quarter, compared to the consensus estimate of $32.80 billion. During the same quarter in the previous year, the business earned $0.26 EPS. Ford Motor’s revenue was up .9% compared to the same quarter last year. equities analysts forecast that Ford Motor Company will post 1.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.93%. Ford Motor’s dividend payout ratio (DPR) is 54.55%.
Several brokerages have issued reports on F. TheStreet raised Ford Motor from a “c+” rating to a “b-” rating in a research note on Thursday, October 5th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price target on shares of Ford Motor in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ford Motor in a research note on Tuesday, August 15th. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price target for the company. in a research note on Monday, September 4th. Finally, ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.63.
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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