Peninsula Wealth LLC Sells 1,600 Shares of Ford Motor (NYSE:F)
Peninsula Wealth LLC cut its stake in shares of Ford Motor (NYSE:F) by 10.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,411 shares of the auto manufacturer’s stock after selling 1,600 shares during the quarter. Peninsula Wealth LLC’s holdings in Ford Motor were worth $147,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Motco boosted its stake in Ford Motor by 1,162.6% during the first quarter. Motco now owns 2,904 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 2,674 shares in the last quarter. JNBA Financial Advisors boosted its stake in Ford Motor by 100.0% during the first quarter. JNBA Financial Advisors now owns 3,000 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,500 shares in the last quarter. Berman Capital Advisors LLC boosted its stake in Ford Motor by 46.6% during the first quarter. Berman Capital Advisors LLC now owns 3,553 shares of the auto manufacturer’s stock worth $31,000 after acquiring an additional 1,130 shares in the last quarter. West Oak Capital LLC boosted its stake in Ford Motor by 46.3% during the second quarter. West Oak Capital LLC now owns 3,579 shares of the auto manufacturer’s stock worth $37,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in Ford Motor by 38.2% during the first quarter. Cornerstone Advisors Inc. now owns 3,802 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 1,051 shares in the last quarter. 52.11% of the stock is currently owned by institutional investors and hedge funds.
In related news, Chairman William Clay Ford, Jr. acquired 840,962 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $9.51 per share, for a total transaction of $7,997,548.62. Following the completion of the acquisition, the chairman now owns 1,100,617 shares of the company’s stock, valued at approximately $10,466,867.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James D. Farley, Jr. sold 45,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $9.56, for a total transaction of $430,200.00. Following the sale, the insider now owns 541,753 shares of the company’s stock, valued at approximately $5,179,158.68. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 861,162 shares of company stock worth $8,193,611 and have sold 115,000 shares worth $1,137,650. 0.83% of the stock is owned by company insiders.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Ford Motor had a net margin of 1.37% and a return on equity of 14.92%. The company had revenue of $35.91 billion for the quarter, compared to analyst estimates of $35.21 billion. During the same period last year, the firm earned $0.27 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. Analysts predict that Ford Motor will post 1.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, July 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend is Monday, July 22nd. Ford Motor’s payout ratio is currently 46.15%.
F has been the topic of several research analyst reports. Jefferies Financial Group raised shares of Ford Motor to a “buy” rating and increased their target price for the stock from $11.00 to $12.50 in a research note on Tuesday, April 30th. BMO Capital Markets raised their price objective on shares of Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a research note on Monday, May 6th. TheStreet lowered shares of Ford Motor from a “b-” rating to a “c” rating in a research note on Friday, July 26th. Credit Suisse Group started coverage on shares of Ford Motor in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $13.00 price objective on the stock. Finally, Goldman Sachs Group set a $13.00 price objective on shares of Ford Motor and gave the company a “buy” rating in a research note on Thursday, June 13th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.48.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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