Ford Motor Company (F) Stake Raised by Kornitzer Capital Management Inc. KS
Kornitzer Capital Management Inc. KS lifted its position in shares of Ford Motor Company (NYSE:F) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,080,360 shares of the auto manufacturer’s stock after buying an additional 8,775 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Ford Motor were worth $12,932,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Balentine LLC grew its holdings in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 231 shares during the period. Captrust Financial Advisors acquired a new stake in Ford Motor in the second quarter worth $106,000. Archford Capital Strategies LLC grew its holdings 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 worth $109,000 after purchasing an additional 676 shares during the period. Reilly Financial Advisors LLC grew its holdings 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 worth $110,000 after purchasing an additional 150 shares during the period. Finally, Kelman Lazarov Inc. acquired a new stake in Ford Motor in the second quarter worth $116,000. Institutional investors own 54.20% of the company’s stock.
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In other news, insider Steven R. Armstrong sold 22,076 shares of Ford Motor stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the transaction, the insider now owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,076 shares of company stock worth $1,599,180. Insiders own 1.08% of the company’s stock.
Shares of Ford Motor Company (F) opened at $12.34 on Tuesday. The company has a market cap of $49,020.00, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.64 and a beta of 1.25. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08. Ford Motor Company has a 12-month low of $10.47 and a 12-month high of $13.27.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, topping the consensus estimate of $0.33 by $0.10. The business had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. equities analysts forecast that Ford Motor Company will post 1.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.86%. The ex-dividend date is Friday, October 20th. Ford Motor’s dividend payout ratio is 54.55%.
A number of equities research analysts have commented on the stock. Jefferies Group LLC raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Monday, October 30th. BidaskClub lowered shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Citigroup Inc. raised their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Morgan Stanley reaffirmed a “sell” rating and issued a $10.00 price objective (up from $9.00) on shares of Ford Motor in a research note on Tuesday, October 31st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “hold” rating on shares of Ford Motor in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $12.63.
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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