Ballentine Partners LLC bought a new stake in shares of Ford Motor Company (NYSE:F) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,816 shares of the auto manufacturer’s stock, valued at approximately $122,000.
A number of other hedge funds have also modified their holdings of the business. Balentine LLC increased its holdings in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 231 shares during the period. Archford Capital Strategies LLC increased its holdings in shares of Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after purchasing an additional 676 shares during the period. Reilly Financial Advisors LLC increased its holdings in shares of Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 150 shares during the period. Kelman Lazarov Inc. bought a new position in shares of Ford Motor in the second quarter worth $116,000. Finally, GWM Advisors LLC bought a new position in shares of Ford Motor in the first quarter worth $117,000. 54.34% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on F. BidaskClub cut shares of Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine cut shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a report on Friday, July 28th. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price target on the stock. in a report on Monday, September 4th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $12.50 price target (down previously from $14.00) on shares of Ford Motor in a report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.54.
In related news, insider Hau N. Thai-Tang sold 25,000 shares of Ford Motor stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the transaction, the insider now directly owns 76,358 shares of the company’s stock, valued at approximately $878,117. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total transaction of $453,600.00. Following the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at $6,037,812.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,624 shares of company stock valued at $1,627,964. 1.08% of the stock is owned by corporate insiders.
Ford Motor Company (F) opened at 11.41 on Tuesday. The stock’s 50 day moving average is $10.97 and its 200 day moving average is $11.36. The company has a market capitalization of $45.32 billion, a P/E ratio of 12.01 and a beta of 1.12. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $13.27.
Ford Motor (NYSE:F) last released its quarterly 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 firm had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. During the same period in the previous year, the company earned $0.52 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that Ford Motor Company will post $1.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.26%. Ford Motor’s dividend payout ratio is presently 63.16%.
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Ford Motor 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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