Ford Motor Company (F) Position Cut by Carroll Financial Associates Inc.
Carroll Financial Associates Inc. reduced its position in shares of Ford Motor Company (NYSE:F) by 6.4% during the second quarter, Holdings Channel reports. The firm owned 11,254 shares of the auto manufacturer’s stock after selling 765 shares during the period. Carroll Financial Associates Inc.’s holdings in Ford Motor were worth $125,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Doyle Wealth Management purchased a new position in Ford Motor during the first quarter valued at $295,000. Fox Run Management L.L.C. increased its position in 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 during the last quarter. Cornerstone Financial Partners LLC increased its position in 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 during the last quarter. BLB&B Advisors LLC increased its position in 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 during the last quarter. Finally, Atria Investments LLC increased its position in 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 during the last quarter. Hedge funds and other institutional investors own 55.38% of the company’s stock.
Ford Motor Company (NYSE F) traded up 1.21% during mid-day trading on Monday, hitting $10.90. The company’s stock had a trading volume of 12,000,154 shares. The company’s 50 day moving average is $11.24 and its 200-day moving average is $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 cap of $43.29 billion, a P/E ratio of 11.47 and a beta of 1.11.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. The company had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. On average, equities analysts predict that Ford Motor Company will post $1.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a $0.15 dividend. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.57%. Ford Motor’s dividend payout ratio is currently 63.16%.
Several research analysts have recently weighed in on the company. BidaskClub downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Piper Jaffray Companies reiterated a “buy” rating and set a $14.00 price target on shares of Ford Motor in a research note on Friday, July 28th. Bank of America Corporation reiterated a “buy” rating and set a $12.50 price target (down previously from $14.00) on shares of Ford Motor in a research note on Friday, June 16th. Finally, Instinet downgraded Ford Motor from a “buy” rating to a “neutral” rating and cut their price target for the stock from $14.80 to $11.60 in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.60.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now directly owns 10 shares in the company, valued at $110. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the sale, the insider now owns 428,411 shares in the company, valued at $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by insiders.
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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