Flippin Bruce & Porter Inc. Trims Holdings in Ford Motor Company (F)
Flippin Bruce & Porter Inc. decreased its position in Ford Motor Company (NYSE:F) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 668,620 shares of the auto manufacturer’s stock after selling 18,240 shares during the quarter. Ford Motor accounts for 1.8% of Flippin Bruce & Porter Inc.’s portfolio, making the stock its 25th biggest holding. Flippin Bruce & Porter Inc.’s holdings in Ford Motor were worth $8,003,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bridgewater Associates LP bought a new position in shares of Ford Motor during the 1st quarter valued at approximately $2,342,000. Mathes Company Inc. bought a new position in shares of Ford Motor during the 2nd quarter valued at approximately $571,000. CWA Asset Management Group LLC bought a new position in shares of Ford Motor during the 1st quarter valued at approximately $122,000. Schwab Charles Investment Management Inc. increased its position in shares of Ford Motor by 8.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,616,542 shares of the auto manufacturer’s stock valued at $163,560,000 after purchasing an additional 1,193,656 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in shares of Ford Motor by 10.0% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 348,886 shares of the auto manufacturer’s stock valued at $3,904,000 after purchasing an additional 31,715 shares during the last quarter. 54.31% of the stock is currently owned by hedge funds and other institutional investors.
Ford Motor Company (F) traded down $0.14 during trading on Tuesday, reaching $12.02. The company’s stock had a trading volume of 12,649,330 shares, compared to its average volume of 37,906,246. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.08 and a current ratio of 1.19. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $13.27. The stock has a market capitalization of $47,750.00, a PE ratio of 7.15, a PEG ratio of 0.62 and a beta of 1.25.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 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 during the quarter, compared to analysts’ expectations of $32.80 billion. During the same period last year, the business posted $0.26 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. equities research analysts predict that Ford Motor Company will post 1.81 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is presently 54.55%.
In other news, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $12.00, for a total value of $300,000.00. Following the transaction, the insider now directly owns 51,358 shares of the company’s stock, valued at $616,296. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,076 shares of company stock valued at $1,599,180. 1.08% of the stock is currently owned by company insiders.
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F has been the topic of several research analyst reports. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price objective on the stock. in a research report on Monday, September 4th. Citigroup Inc. upped their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Berenberg Bank set a $10.00 price objective on Ford Motor and gave the company a “sell” rating in a research report on Monday, August 14th. Morgan Stanley reaffirmed a “sell” rating and issued a $10.00 price objective (up previously from $9.00) on shares of Ford Motor in a research report on Tuesday, October 31st. Finally, Barclays PLC downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $12.12 to $14.00 in a research report on Friday, October 13th. Three research 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 stock presently has an average rating of “Hold” and an average price target of $12.63.
Ford Motor Company 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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