Hermes Investment Management Ltd. raised its stake in Ford Motor Company (NYSE:F) by 14.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,494,453 shares of the auto manufacturer’s stock after buying an additional 189,512 shares during the period. Hermes Investment Management Ltd.’s holdings in Ford Motor were worth $16,723,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of F. Vanguard Group Inc. raised its stake in shares of Ford Motor by 2.3% in the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock valued at $3,048,866,000 after buying an additional 6,013,577 shares during the period. BlackRock Inc. raised its stake in shares of Ford Motor by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after buying an additional 221,597,419 shares during the period. State Street Corp raised its stake in shares of Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after buying an additional 3,999,705 shares during the period. Wellington Management Group LLP raised its stake in shares of Ford Motor by 0.5% in the first quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock valued at $881,979,000 after buying an additional 391,692 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Ford Motor by 10.8% in the first quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer’s stock valued at $475,306,000 after buying an additional 3,978,850 shares during the period. Institutional investors and hedge funds own 55.23% of the company’s stock.
Ford Motor Company (NYSE F) traded up 0.412% during trading on Tuesday, hitting $10.965. The stock had a trading volume of 10,268,140 shares. Ford Motor Company has a 12 month low of $10.67 and a 12 month high of $13.27. The firm has a 50 day moving average of $11.31 and a 200-day moving average of $11.67. The stock has a market cap of $43.55 billion, a price-to-earnings ratio of 11.542 and a beta of 1.11.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. During the same period in the previous year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts predict that Ford Motor Company will post $1.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.49%. Ford Motor’s payout ratio is currently 63.16%.
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Several equities research analysts have issued reports on the company. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price target on shares of Ford Motor in a research note on Friday, July 28th. Bank of America Corporation reaffirmed a “buy” rating and set a $12.50 price target (down previously from $14.00) on shares of Ford Motor in a research note on Friday, June 16th. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.60 target price for the company in a research note on Thursday, July 6th. Finally, Wolfe Research assumed coverage on Ford Motor in a research note on Tuesday, June 13th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $13.11.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the company’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 directly owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were 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 directly owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. 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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