Ford Motor Company (F) Position Raised by Pzena Investment Management LLC
Pzena Investment Management LLC boosted its position in Ford Motor Company (NYSE:F) by 6.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 25,409,816 shares of the auto manufacturer’s stock after purchasing an additional 1,597,098 shares during the period. Ford Motor comprises 1.6% of Pzena Investment Management LLC’s holdings, making the stock its 23rd largest position. Pzena Investment Management LLC owned about 0.64% of Ford Motor worth $304,155,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Balentine LLC raised its position in shares of 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 in the last quarter. Captrust Financial Advisors bought a new position in Ford Motor in the second quarter valued at approximately $106,000. Archford Capital Strategies LLC increased 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 acquiring an additional 676 shares during the last quarter. Reilly Financial Advisors LLC increased 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 acquiring an additional 150 shares during the last quarter. Finally, Kelman Lazarov Inc. bought a new stake in shares of Ford Motor during the second quarter worth $116,000. Hedge funds and other institutional investors own 54.20% of the company’s stock.
In other news, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the sale, the insider now owns 76,358 shares in the company, valued at approximately $878,117. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were 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. Insiders have sold a total of 137,076 shares of company stock worth $1,599,180 over the last 90 days. 1.08% of the stock is currently owned by corporate insiders.
F has been the topic of a number of research reports. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 target price on the stock. in a research note on Monday, September 4th. Citigroup Inc. boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Berenberg Bank set a $10.00 target price on shares of Ford Motor and gave the company a “sell” rating in a report on Monday, August 14th. Morgan Stanley restated a “sell” rating and issued a $10.00 target price (up previously from $9.00) on shares of Ford Motor in a report on Tuesday, October 31st. Finally, Barclays PLC lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $12.12 to $14.00 in a report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given 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 Company (NYSE:F) traded up $0.01 during trading on Friday, hitting $12.05. 8,954,216 shares of the stock were exchanged, compared to its average volume of 38,170,000. Ford Motor Company has a 1 year low of $10.47 and a 1 year high of $13.27. The company has a market cap of $47,790.00, a P/E ratio of 7.18, a P/E/G ratio of 0.62 and a beta of 1.25. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.10. The company had revenue of $33.65 billion for the quarter, compared to analysts’ expectations of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. Ford Motor’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. research analysts expect that Ford Motor Company will post 1.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 23rd 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 4.98%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s payout ratio is currently 54.55%.
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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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