IHT Wealth Management LLC Reduces Position in Ford Motor Company (F)
IHT Wealth Management LLC cut its position in shares of Ford Motor Company (NYSE:F) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,634 shares of the auto manufacturer’s stock after selling 859 shares during the period. IHT Wealth Management LLC’s holdings in Ford Motor were worth $466,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Balentine LLC boosted its stake in Ford Motor by 2.6% during 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 during the last quarter. Archford Capital Strategies LLC boosted its stake in Ford Motor by 7.8% during the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares during the last quarter. Captrust Financial Advisors bought a new position in Ford Motor during the second quarter valued at approximately $106,000. Reilly Financial Advisors LLC boosted its stake in Ford Motor by 1.5% during the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after buying an additional 150 shares during the last quarter. Finally, FNY Managed Accounts LLC boosted its stake in Ford Motor by 0.3% during the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 34 shares during the last quarter. 54.33% of the stock is owned by institutional investors.
A number of equities analysts recently commented on the company. Piper Jaffray Companies set a $14.00 price target on Ford Motor and gave the company a “buy” rating in a research note on Monday. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Barclays PLC lowered Ford Motor from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $12.12 to $14.00 in a research note on Friday. FIG Partners reissued a “hold” rating on shares of Ford Motor in a research note on Monday, October 9th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $13.00 price target on shares of Ford Motor in a research note on Monday. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.44.
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Shares of Ford Motor Company (NYSE:F) opened at 12.12 on Tuesday. The stock has a market capitalization of $48.14 billion, a P/E ratio of 12.76 and a beta of 1.12. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The stock has a 50 day moving average price of $11.74 and a 200 day moving average price of $11.30.
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 analysts’ consensus estimates 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 analysts’ expectations of $37.22 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts forecast that Ford Motor Company will post $1.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 23rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Friday, October 20th. Ford Motor’s dividend payout ratio is presently 63.16%.
In related 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 value of $886,864.00. Following the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven R. Armstrong sold 22,076 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The disclosure for this sale can be found here. Insiders sold 217,700 shares of company stock worth $2,486,044 over the last quarter. 1.08% of the stock is currently owned by insiders.
Ford Motor 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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