Laurel Wealth Advisors Inc. Purchases 7,913 Shares of Ford Motor Company (F)
Laurel Wealth Advisors Inc. boosted its stake in Ford Motor Company (NYSE:F) by 19.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 49,065 shares of the auto manufacturer’s stock after buying an additional 7,913 shares during the period. Laurel Wealth Advisors Inc.’s holdings in Ford Motor were worth $571,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of F. Balentine LLC boosted its stake 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 boosted its stake 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. FNY Managed Accounts LLC boosted its stake in shares of Ford Motor by 0.3% in 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. GFS Advisors LLC purchased a new stake in shares of Ford Motor during the first quarter valued at $121,000. Finally, GWM Advisors LLC purchased a new stake in shares of Ford Motor during the first quarter valued at $117,000. 55.38% of the stock is currently owned by institutional investors.
Ford Motor Company (F) traded down 0.1292% during mid-day trading on Tuesday, reaching $10.8959. The company had a trading volume of 8,514,768 shares. The firm has a market capitalization of $43.28 billion, a PE ratio of 11.4694 and a beta of 1.11. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $13.27. The stock’s 50-day moving average price is $11.24 and its 200 day moving average price is $11.57.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, equities research analysts predict that Ford Motor Company will post $1.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be issued a $0.15 dividend. The ex-dividend date is Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.50%. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
ILLEGAL ACTIVITY WARNING: This report was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/laurel-wealth-advisors-inc-purchases-7913-shares-of-ford-motor-company-f/1490774.html.
Several equities research analysts recently weighed in on the company. BidaskClub cut Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Berenberg Bank set a $10.00 target price on Ford Motor and gave the stock a “sell” rating in a report on Monday. Nomura reissued a “neutral” rating and issued a $11.60 target price (down from $14.00) on shares of Ford Motor in a report on Friday, August 4th. Jefferies Group LLC reissued a “neutral” rating on shares of Ford Motor in a report on Monday, August 7th. Finally, Instinet downgraded Ford Motor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.80 to $11.60 in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Ford Motor has a consensus rating of “Hold” and an average target price of $12.60.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the transaction, the insider now owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, 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. 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.
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:F).
Receive News & Ratings for Ford Motor Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Company and related companies with Analyst Ratings Network's FREE daily email newsletter.