Columbia Asset Management Sells 29,819 Shares of Ford Motor Company (F)
Columbia Asset Management lowered its position in shares of Ford Motor Company (NYSE:F) by 16.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,254 shares of the auto manufacturer’s stock after selling 29,819 shares during the quarter. Columbia Asset Management’s holdings in Ford Motor were worth $1,748,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in F. Bridgewater Associates LP bought a new stake in Ford Motor in the first quarter valued at about $2,342,000. Mathes Company Inc. bought a new stake in Ford Motor in the second quarter valued at about $571,000. CWA Asset Management Group LLC bought a new stake in Ford Motor in the first quarter valued at about $122,000. AE Wealth Management LLC increased its holdings in 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 purchasing an additional 46,598 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in 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 purchasing an additional 333,821 shares during the last quarter. Institutional investors own 54.35% of the company’s stock.
Ford Motor Company (F) opened at 11.97 on Friday. The stock’s 50 day moving average price is $11.06 and its 200-day moving average price is $11.32. The company has a market cap of $47.54 billion, a price-to-earnings ratio of 12.60 and a beta of 1.12. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $13.27.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the consensus estimate 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 earned $0.52 earnings per share. Ford Motor’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts forecast that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.01%. Ford Motor’s payout ratio is 63.16%.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now owns 10 shares of the company’s stock, valued at approximately $110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph R. Hinrichs sold 40,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the sale, the insider now directly owns 532,435 shares in the company, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 195,624 shares of company stock worth $2,212,964. 1.08% of the stock is owned by company insiders.
A number of research firms recently commented on F. BidaskClub downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $13.00 price objective on shares of Ford Motor in a report on Monday, September 18th. Piper Jaffray Companies reiterated a “buy” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Friday, July 28th. Finally, Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price target for the company. in a report on Monday, September 4th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.45.
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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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