Neuberger Berman Group LLC Decreases Holdings in Ford Motor Company (F)
Neuberger Berman Group LLC trimmed its position in shares of Ford Motor Company (NYSE:F) by 64.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,306 shares of the auto manufacturer’s stock after selling 215,573 shares during the period. Neuberger Berman Group LLC’s holdings in Ford Motor were worth $1,346,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Ford Motor by 2.3% during the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock worth $3,048,866,000 after purchasing an additional 6,013,577 shares in the last quarter. BlackRock Inc. lifted its stake in Ford Motor by 2,991.4% during the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock worth $2,665,619,000 after purchasing an additional 221,597,419 shares in the last quarter. State Street Corp lifted its stake in Ford Motor by 2.5% during the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock worth $1,896,009,000 after purchasing an additional 3,999,705 shares in the last quarter. Wellington Management Group LLP lifted its stake in Ford Motor by 0.5% during the first quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock worth $881,979,000 after purchasing an additional 391,692 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Ford Motor by 10.8% during the first quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer’s stock worth $475,306,000 after purchasing an additional 3,978,850 shares in the last quarter. Institutional investors own 54.35% of the company’s stock.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $11.40, for a total value of $285,000.00. Following the completion of the sale, the insider now owns 403,411 shares of the company’s stock, valued at approximately $4,598,885.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the sale, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. Insiders sold a total of 170,624 shares of company stock valued at $1,912,964 in the last three months. Insiders own 1.08% of the company’s stock.
A number of analysts have recently weighed in on the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, May 24th. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price objective on the stock. in a research report on Wednesday, May 31st. Morgan Stanley upped their price objective on Ford Motor from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, June 9th. Wolfe Research assumed coverage on Ford Motor in a research report on Tuesday, June 13th. They set a “market perform” rating on the stock. Finally, Berenberg Bank set a $10.00 price objective on Ford Motor and gave the stock a “sell” rating in a research report on Monday, June 12th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.46.
Ford Motor Company (NYSE F) opened at 11.72 on Wednesday. Ford Motor Company has a 1-year low of $10.47 and a 1-year high of $13.27. The firm has a 50-day moving average of $11.06 and a 200 day moving average of $11.32. The firm has a market cap of $46.55 billion, a P/E ratio of 12.34 and a beta of 1.12. Ford Motor also saw unusually large options trading activity on Monday. Stock traders acquired 14,678 put options on the stock. This is an increase of approximately 104% compared to the average daily volume of 7,211 put options.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 EPS. On average, analysts predict that Ford Motor Company will post $1.75 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.12%. The ex-dividend date was Thursday, July 20th. Ford Motor’s payout ratio is currently 63.16%.
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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