ING Groep NV Sells 79,365 Shares of Ford Motor Company (F)
ING Groep NV reduced its stake in shares of Ford Motor Company (NYSE:F) by 10.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 687,227 shares of the auto manufacturer’s stock after selling 79,365 shares during the period. ING Groep NV’s holdings in Ford Motor were worth $7,690,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Balentine LLC increased 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 during the last quarter. Archford Capital Strategies LLC increased its position in shares of 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 buying an additional 676 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of 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 buying an additional 150 shares during the last quarter. Kelman Lazarov Inc. purchased a new position in shares of Ford Motor during the second quarter valued at about $116,000. Finally, GWM Advisors LLC purchased a new position in shares of Ford Motor during the first quarter valued at about $117,000. 55.38% of the stock is currently owned by institutional investors.
Ford Motor Company (F) traded down 0.2269% during midday trading on Wednesday, reaching $10.8154. 17,180,298 shares of the company were exchanged. The firm has a market cap of $42.96 billion, a P/E ratio of 11.3846 and a beta of 1.11. The firm’s 50-day moving average is $11.23 and its 200-day moving average is $11.56. Ford Motor Company has a one year low of $10.67 and a one year high of $13.27.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the Zacks’ 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 company had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio is 63.16%.
F has been the topic of several recent analyst reports. Vetr downgraded shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price objective on the stock. in a research note on Wednesday, May 31st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 price target on shares of Ford Motor in a research note on Monday, May 15th. Nomura reaffirmed a “buy” rating and set a $14.80 price target on shares of Ford Motor in a research note on Tuesday, May 2nd. Bank of America Corporation reaffirmed a “buy” rating and set a $12.50 price target (down previously from $14.00) on shares of Ford Motor in a research note on Friday, June 16th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price target on shares of Ford Motor in a research note on Friday, July 28th. 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 currently has an average rating of “Hold” and an average price target of $12.60.
In other news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the transaction, the insider now owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John T. Lawler sold 80,624 shares of Ford Motor 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 completion of the transaction, the vice president now directly owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. Company insiders own 1.08% of the company’s stock.
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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