Private Advisory Group LLC Invests $1.19 Million in Ford Motor Company (NYSE:F)
Private Advisory Group LLC acquired a new position in Ford Motor Company (NYSE:F) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 102,114 shares of the auto manufacturer’s stock, valued at approximately $1,189,000.
A number of other hedge funds also recently modified their holdings of F. Argent Trust Co raised its position in Ford Motor by 0.3% in the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock valued at $131,000 after buying an additional 30 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in Ford Motor by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 15,078 shares of the auto manufacturer’s stock valued at $176,000 after buying an additional 123 shares during the last quarter. Rockland Trust Co. increased its position in Ford Motor by 0.4% in the first quarter. Rockland Trust Co. now owns 41,051 shares of the auto manufacturer’s stock valued at $478,000 after buying an additional 159 shares during the last quarter. Hanson McClain Inc. increased its position in Ford Motor by 0.6% in the first quarter. Hanson McClain Inc. now owns 27,656 shares of the auto manufacturer’s stock valued at $322,000 after buying an additional 164 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its position in Ford Motor by 1.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,520 shares of the auto manufacturer’s stock valued at $231,000 after buying an additional 196 shares during the last quarter. 55.23% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Company (NYSE:F) traded down 0.815% on Thursday, reaching $10.831. The company had a trading volume of 8,577,155 shares. The stock has a market capitalization of $43.02 billion, a PE ratio of 11.401 and a beta of 1.11. Ford Motor Company has a 12-month low of $10.67 and a 12-month high of $13.27. The stock’s 50 day moving average price is $11.26 and its 200-day moving average price is $11.61. Ford Motor also was the target of unusually large options trading activity on Tuesday. Investors bought 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 results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. Equities analysts expect that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.49%. The ex-dividend date is Thursday, July 20th. Ford Motor’s payout ratio is currently 63.16%.
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Several research firms recently commented on F. BidaskClub downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday. Instinet downgraded Ford Motor from a “buy” rating to a “neutral” rating and dropped 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. Nomura downgraded Ford Motor to a “hold” rating in a research note on Saturday, August 5th. Finally, Zacks Investment Research upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.60.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. 1.08% of the stock is owned by insiders.
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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