D.A. Davidson & CO. Grows Holdings in Ford Motor Company (F)
D.A. Davidson & CO. raised its stake in Ford Motor Company (NYSE:F) by 21.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 588,947 shares of the auto manufacturer’s stock after purchasing an additional 103,963 shares during the quarter. D.A. Davidson & CO.’s holdings in Ford Motor were worth $6,590,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in F. BlackRock Inc. increased its position in shares of Ford Motor by 2,991.4% during the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock worth $2,665,619,000 after acquiring an additional 221,597,419 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Ford Motor by 38.4% during the second quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the auto manufacturer’s stock worth $266,464,000 after acquiring an additional 6,611,425 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Ford Motor by 2.3% during the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock worth $3,048,866,000 after acquiring an additional 6,013,577 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Ford Motor by 5.7% during the second quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after acquiring an additional 4,706,379 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Ford Motor by 11.5% during the first quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock worth $455,168,000 after acquiring an additional 4,040,717 shares during the last quarter. 54.35% of the stock is currently owned by institutional investors.
Shares of Ford Motor Company (NYSE F) opened at 12.31 on Friday. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The company has a market cap of $48.89 billion, a PE ratio of 12.96 and a beta of 1.12. The company’s 50-day moving average price is $11.49 and its 200 day moving average price is $11.29. Ford Motor also was the target of some unusual options trading activity on Wednesday. Investors acquired 49,559 call options on the stock. This represents an increase of 160% compared to the average volume of 19,065 call options.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Ford Motor’s revenue was down .5% compared to the same quarter last year. Equities analysts forecast that Ford Motor Company will post $1.75 EPS for the current fiscal year.
In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total value of $453,600.00. Following the sale, the insider now directly owns 532,435 shares in the company, valued at $6,037,812.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $273,080.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 217,700 shares of company stock worth $2,486,044. Company insiders own 1.08% of the company’s stock.
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A number of research firms recently commented on F. Vetr downgraded Ford Motor from a “buy” rating to a “hold” rating and set a $12.60 price target for the company. in a research note on Friday. Standpoint Research upgraded Ford Motor from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine upgraded Ford Motor from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $13.00 price target on shares of Ford Motor in a research note on Monday, September 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Sunday, September 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.46.
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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