IHT Wealth Management LLC Sells 1,453 Shares of Ford Motor Company (NYSE:F)
IHT Wealth Management LLC lowered its stake in Ford Motor Company (NYSE:F) by 3.8% during the first quarter, Holdings Channel reports. The institutional investor owned 36,493 shares of the auto manufacturer’s stock after selling 1,453 shares during the period. IHT Wealth Management LLC’s holdings in Ford Motor were worth $411,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Bridgewater Associates LP acquired a new stake in shares of Ford Motor during the first quarter worth about $2,342,000. Advisor Partners LLC increased its stake in shares of Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock worth $362,000 after buying an additional 1,840 shares during the period. AE Wealth Management LLC increased its stake in shares of Ford Motor by 37.5% in the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock worth $1,990,000 after buying an additional 46,598 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock worth $6,805,000 after buying an additional 333,821 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Ford Motor by 130.3% in the first quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock worth $450,000 after buying an additional 21,879 shares during the period. Hedge funds and other institutional investors own 55.23% of the company’s stock.
Shares of Ford Motor Company (NYSE F) traded down 0.815% during mid-day trading on Thursday, reaching $10.831. 8,577,155 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $11.26 and a 200 day moving average price of $11.61. The firm has a market capitalization of $43.02 billion, a price-to-earnings ratio of 11.401 and a beta of 1.11. Ford Motor Company has a 12-month low of $10.67 and a 12-month high of $13.27. Ford Motor also was the target of unusually large options trading activity on Tuesday. Stock investors bought 16,478 put options on the company. This represents an increase of 112% compared to the typical daily volume of 7,783 put options.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the 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 firm had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The company’s revenue was down .5% compared to the same quarter last year. Analysts anticipate 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.49%. Ford Motor’s payout ratio is 63.16%.
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A number of brokerages recently issued reports on F. BidaskClub downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Piper Jaffray Companies reiterated a “buy” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Friday, July 28th. Bank of America Corporation reiterated a “buy” rating and issued a $12.50 price objective (down previously from $14.00) on shares of Ford Motor in a research report on Friday, June 16th. Finally, Instinet downgraded Ford Motor from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $14.80 to $11.60 in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.60.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 10 shares of the company’s stock, valued at approximately $110. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
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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