Ford Motor Company (F) Position Boosted by Piedmont Investment Advisors LLC
Piedmont Investment Advisors LLC boosted its position in shares of Ford Motor Company (NYSE:F) by 0.9% during the first quarter, Holdings Channel reports. The fund owned 824,366 shares of the auto manufacturer’s stock after buying an additional 7,103 shares during the period. Piedmont Investment Advisors LLC’s holdings in Ford Motor were worth $9,596,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Doyle Wealth Management bought a new position in shares of Ford Motor during the first quarter valued at $295,000. Fox Run Management L.L.C. raised its position in shares of Ford Motor by 66.5% in the first quarter. Fox Run Management L.L.C. now owns 30,300 shares of the auto manufacturer’s stock valued at $353,000 after buying an additional 12,100 shares in the last quarter. Cornerstone Financial Partners LLC raised its position in shares of Ford Motor by 1,233.8% in the first quarter. Cornerstone Financial Partners LLC now owns 147,948 shares of the auto manufacturer’s stock valued at $1,716,000 after buying an additional 136,856 shares in the last quarter. BLB&B Advisors LLC raised its position in shares of Ford Motor by 1.4% in the first quarter. BLB&B Advisors LLC now owns 228,423 shares of the auto manufacturer’s stock valued at $2,659,000 after buying an additional 3,114 shares in the last quarter. Finally, Atria Investments LLC raised its position in shares of Ford Motor by 32.3% in the first quarter. Atria Investments LLC now owns 277,260 shares of the auto manufacturer’s stock valued at $3,227,000 after buying an additional 67,654 shares in the last quarter. 55.38% of the stock is owned by institutional investors and hedge funds.
Ford Motor Company (F) traded up 1.439% during mid-day trading on Monday, hitting $10.925. 9,753,944 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $11.24 and a 200 day moving average of $11.60. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $13.27. The stock has a market capitalization of $43.39 billion, a P/E ratio of 11.500 and a beta of 1.11.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same period last year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts forecast that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date is Thursday, July 20th. Ford Motor’s payout ratio is 63.16%.
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Several research analysts have weighed in on the stock. Berenberg Bank set a $10.00 price objective on shares of Ford Motor and gave the stock a “sell” rating in a report on Monday. Royal Bank Of Canada reissued a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday, May 5th. Jefferies Group LLC reissued a “hold” rating and set a $12.00 price objective on shares of Ford Motor in a report on Monday, May 22nd. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price objective for the company. in a report on Tuesday, July 4th. Finally, ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $12.60.
In related news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. Company insiders own 1.08% of the company’s stock.
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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