S. R. Schill & Associates Has $698,000 Position in Ford Motor Company (F)
S. R. Schill & Associates lowered its stake in shares of Ford Motor Company (NYSE:F) by 26.3% during the first quarter, Holdings Channel reports. The fund owned 60,008 shares of the auto manufacturer’s stock after selling 21,454 shares during the period. S. R. Schill & Associates’ holdings in Ford Motor were worth $698,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in F. Balentine LLC increased 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 increased 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 bought a new stake in Ford Motor during the first quarter valued at $117,000. TNB Financial bought a new stake in Ford Motor during the first quarter valued at $119,000. Finally, FNY Managed Accounts LLC increased 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. 55.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ford Motor Company (NYSE:F) traded up 1.439% during midday trading on Monday, reaching $10.925. 9,753,944 shares of the company were exchanged. The stock’s 50-day moving average price is $11.24 and its 200-day moving average price is $11.60. 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 $43.39 billion, a PE ratio of 11.500 and a beta of 1.11.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. During the same period last year, the firm posted $0.52 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Analysts anticipate that Ford Motor Company will post $1.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a $0.15 dividend. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.57%. Ford Motor’s payout ratio is currently 63.16%.
Several analysts recently weighed in on F shares. Zacks Investment Research upgraded shares of Ford Motor from a “strong sell” rating to a “hold” rating in a report on Monday, April 24th. Nomura reiterated a “buy” rating and issued a $14.80 target price on shares of Ford Motor in a report on Tuesday, May 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a report on Friday, May 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a report on Monday, May 22nd. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Ford Motor has an average rating of “Hold” and a consensus price target of $12.60.
In related news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the sale, the vice president now directly owns 10 shares in the company, valued at approximately $110. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the sale, the insider now owns 428,411 shares in the company, valued at $4,781,066.76. The disclosure for this sale can be found here. Company 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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