Meridian Wealth Management LLC Acquires 13,258 Shares of Ford Motor Company (NYSE:F)
Meridian Wealth Management LLC raised its stake in shares of Ford Motor Company (NYSE:F) by 92.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 27,525 shares of the auto manufacturer’s stock after buying an additional 13,258 shares during the period. Meridian Wealth Management LLC’s holdings in Ford Motor were worth $320,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in F. Balentine LLC raised its stake in 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 period. Archford Capital Strategies LLC raised its stake 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 valued at $109,000 after buying an additional 676 shares during the period. GWM Advisors LLC purchased a new stake in Ford Motor during the first quarter valued at approximately $117,000. TNB Financial purchased a new stake in Ford Motor during the first quarter valued at approximately $119,000. Finally, FNY Managed Accounts LLC raised its stake in 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 period. 55.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ford Motor Company (NYSE F) remained flat at $10.77 during trading on Friday. The company’s stock had a trading volume of 32,300,117 shares. Ford Motor Company has a one year low of $10.67 and a one year high of $13.27. The firm has a market capitalization of $42.78 billion, a P/E ratio of 11.34 and a beta of 1.11. The stock’s 50-day moving average is $11.24 and its 200 day moving average is $11.60.
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 the Thomson Reuters’ 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 business had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. During the same quarter last year, the business earned $0.52 earnings per share. Ford Motor’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Ford Motor Company will post $1.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.57%. Ford Motor’s dividend payout ratio (DPR) is currently 63.16%.
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Several research firms have commented on F. BidaskClub lowered shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday. Instinet lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $14.80 to $11.60 in a research note on Wednesday. Jefferies Group LLC reiterated a “neutral” rating on shares of Ford Motor in a research note on Monday, August 7th. Nomura lowered shares of Ford Motor to a “hold” rating in a research note on Saturday, August 5th. Finally, Zacks Investment Research upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.60.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the stock in a transaction 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 owns 10 shares in the company, valued at $110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction 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 transaction, the insider now owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.
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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