Ford Motor Company (F) Stake Cut by LeJeune Puetz Investment Counsel LLC
LeJeune Puetz Investment Counsel LLC lowered its position in Ford Motor Company (NYSE:F) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,841 shares of the auto manufacturer’s stock after selling 600 shares during the period. LeJeune Puetz Investment Counsel LLC’s holdings in Ford Motor were worth $1,072,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the company. Hexavest Inc. increased its position in shares of Ford Motor by 5.4% in the first quarter. Hexavest Inc. now owns 3,628,948 shares of the auto manufacturer’s stock worth $42,241,000 after buying an additional 185,639 shares during the period. James Investment Research Inc. increased its position in shares of Ford Motor by 12.3% in the first quarter. James Investment Research Inc. now owns 820,166 shares of the auto manufacturer’s stock worth $9,547,000 after buying an additional 89,540 shares during the period. Naples Global Advisors LLC increased its position in shares of Ford Motor by 2.9% in the first quarter. Naples Global Advisors LLC now owns 86,265 shares of the auto manufacturer’s stock worth $1,004,000 after buying an additional 2,450 shares during the period. V Wealth Management LLC acquired a new position in shares of Ford Motor during the first quarter worth $134,000. Finally, Candriam Luxembourg S.C.A. increased its position in shares of Ford Motor by 18.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 317,171 shares of the auto manufacturer’s stock worth $3,692,000 after buying an additional 49,848 shares during the period. 54.33% of the stock is currently owned by hedge funds and other institutional investors.
Ford Motor Company (NYSE:F) traded down 0.37% during midday trading on Monday, reaching $10.78. The company’s stock had a trading volume of 9,527,020 shares. The company has a market cap of $42.82 billion, a PE ratio of 11.35 and a beta of 1.11. The stock has a 50-day moving average price of $11.10 and a 200 day moving average price of $11.47. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27. Ford Motor also was the target of some unusual options trading activity on Friday. Stock traders bought 25,069 call options on the stock. This represents an increase of approximately 259% compared to the typical volume of 6,974 call options.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. During the same quarter last year, the business earned $0.52 earnings per share. Ford Motor’s quarterly revenue was down .5% compared to the same quarter last year. Analysts expect that Ford Motor Company will post $1.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.55%. Ford Motor’s dividend payout ratio (DPR) is currently 63.16%.
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A number of equities analysts have weighed in on F shares. Nomura reissued a “buy” rating and set a $14.80 price target on shares of Ford Motor in a research report on Tuesday, May 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $14.00 price target on shares of Ford Motor in a research report on Friday, May 5th. Jefferies Group LLC reissued a “hold” rating and set a $12.00 price target on shares of Ford Motor in a research report on Monday, May 22nd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 24th. Finally, Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 target price on the stock. in a research report on Wednesday, May 31st. 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. Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.54.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the transaction, the insider now owns 428,411 shares in the company, valued at $4,781,066.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now owns 10 shares of the company’s stock, valued at approximately $110. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.
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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