Ford Motor Company (F) Position Boosted by Advisor Group Inc.
Advisor Group Inc. raised its holdings in Ford Motor Company (NYSE:F) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 854,834 shares of the auto manufacturer’s stock after buying an additional 43,724 shares during the quarter. Advisor Group Inc.’s holdings in Ford Motor were worth $10,233,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of F. Balentine LLC lifted its stake in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 231 shares during the period. Captrust Financial Advisors acquired a new position in Ford Motor in the second quarter valued at approximately $106,000. Archford Capital Strategies LLC lifted its stake in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares during the period. Reilly Financial Advisors LLC lifted its stake in Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after buying an additional 150 shares during the period. Finally, Kelman Lazarov Inc. acquired a new position in Ford Motor in the second quarter valued at approximately $116,000. 54.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ford Motor Company (NYSE F) traded up $0.15 during midday trading on Monday, hitting $12.16. The stock had a trading volume of 30,164,827 shares, compared to its average volume of 37,940,605. Ford Motor Company has a 1 year low of $10.47 and a 1 year high of $13.27. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08. The stock has a market cap of $47,707.35, a PE ratio of 7.15, a PEG ratio of 0.62 and a beta of 1.24.
Ford Motor (NYSE:F) last issued 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 firm had revenue of $33.65 billion for the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. research analysts forecast that Ford Motor Company will post 1.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be given 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 is presently 54.55%.
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In related news, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total transaction of $273,080.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was 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 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 ninety days. Insiders own 1.08% of the company’s stock.
Several equities research analysts have recently commented on F shares. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price objective for the company in a report on Tuesday, July 25th. Standpoint Research upgraded Ford Motor from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Finally, BidaskClub upgraded Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. Ford Motor currently has an average rating of “Hold” and a consensus price target of $12.63.
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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