PGGM Investments Has $27.34 Million Position in Ford Motor Company (NYSE:F)
PGGM Investments reduced its position in shares of Ford Motor Company (NYSE:F) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 2,443,425 shares of the auto manufacturer’s stock after selling 12,186 shares during the period. PGGM Investments’ holdings in Ford Motor were worth $27,342,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Excalibur Management Corp raised its stake in Ford Motor by 64.1% in the second quarter. Excalibur Management Corp now owns 76,075 shares of the auto manufacturer’s stock worth $851,000 after buying an additional 29,721 shares in the last quarter. SOL Capital Management CO raised its stake in Ford Motor by 41.3% in the second quarter. SOL Capital Management CO now owns 21,200 shares of the auto manufacturer’s stock worth $237,000 after buying an additional 6,200 shares in the last quarter. Hermes Investment Management Ltd. raised its stake in Ford Motor by 14.5% in the second quarter. Hermes Investment Management Ltd. now owns 1,494,453 shares of the auto manufacturer’s stock worth $16,723,000 after buying an additional 189,512 shares in the last quarter. Financial Architects Inc raised its stake in Ford Motor by 62.8% in the second quarter. Financial Architects Inc now owns 12,479 shares of the auto manufacturer’s stock worth $140,000 after buying an additional 4,815 shares in the last quarter. Finally, Cedar Wealth Management LLC raised its stake in Ford Motor by 46.0% in the second quarter. Cedar Wealth Management LLC now owns 15,620 shares of the auto manufacturer’s stock worth $175,000 after buying an additional 4,920 shares in the last quarter. 55.23% of the stock is currently owned by institutional investors.
Ford Motor Company (NYSE F) traded down 0.92% on Thursday, reaching $10.82. The company’s stock had a trading volume of 15,560,007 shares. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $13.27. The company has a market capitalization of $42.97 billion, a price-to-earnings ratio of 11.39 and a beta of 1.11. The firm’s 50 day moving average price is $11.26 and its 200-day moving average price is $11.61. Ford Motor also was the recipient of some unusual options trading on Tuesday. Investors purchased 16,478 put options on the stock. This represents an increase of approximately 112% compared to the typical daily volume of 7,783 put options.
Ford Motor (NYSE:F) last announced 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. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Ford Motor’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts predict that Ford Motor Company will post $1.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s payout ratio is currently 63.16%.
A number of equities research analysts have issued reports on the company. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday. Instinet lowered Ford Motor from a “buy” rating to a “neutral” rating and reduced their price target for the company from $14.80 to $11.60 in a research report on Wednesday. Jefferies Group LLC reaffirmed a “neutral” rating on shares of Ford Motor in a research report on Monday. Nomura lowered Ford Motor to a “hold” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $12.60.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now owns 10 shares in the company, valued at $110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James D. Farley, Jr. sold 25,000 shares of the company’s 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 sale, the insider now owns 428,411 shares in the company, valued at approximately $4,781,066.76. The disclosure for this sale can be found here. Corporate 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.
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