Legal & General Group Plc raised its stake in shares of Ford Motor Company (NYSE:F) by 3.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,198,898 shares of the auto manufacturer’s stock after acquiring an additional 839,955 shares during the period. Legal & General Group Plc owned approximately 0.56% of Ford Motor worth $248,432,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Lesa Sroufe & Co increased its position in shares of Ford Motor by 1.4% during the 2nd quarter. Lesa Sroufe & Co now owns 330,111 shares of the auto manufacturer’s stock valued at $3,694,000 after purchasing an additional 4,486 shares during the last quarter. Bristol Advisors LLC purchased a new stake in shares of Ford Motor during the 2nd quarter valued at about $325,000. Alps Advisors Inc. increased its position in shares of Ford Motor by 12.5% during the 2nd quarter. Alps Advisors Inc. now owns 4,289,093 shares of the auto manufacturer’s stock valued at $47,995,000 after purchasing an additional 476,614 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Ford Motor by 327.6% during the 2nd quarter. SG Americas Securities LLC now owns 2,357,380 shares of the auto manufacturer’s stock valued at $26,379,000 after purchasing an additional 1,806,099 shares during the last quarter. Finally, NewSquare Capital LLC increased its position in shares of Ford Motor by 8.6% during the 2nd quarter. NewSquare Capital LLC now owns 92,371 shares of the auto manufacturer’s stock valued at $1,034,000 after purchasing an additional 7,339 shares during the last quarter. Institutional investors and hedge funds own 54.34% of the company’s stock.
In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the sale, the insider now directly owns 532,435 shares in the company, valued at approximately $6,037,812.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value of $886,864.00. Following the completion of the sale, the vice president now owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,624 shares of company stock valued at $1,627,964. 1.08% of the stock is owned by company insiders.
Shares of Ford Motor Company (F) opened at 11.41 on Tuesday. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27. The company has a market capitalization of $45.32 billion, a P/E ratio of 12.01 and a beta of 1.12. The company has a 50-day moving average price of $10.97 and a 200-day moving average price of $11.36.
Ford Motor (NYSE:F) last issued its earnings results 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. The company had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. On average, analysts forecast that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Thursday, July 20th. Ford Motor’s payout ratio is currently 63.16%.
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Several equities research analysts recently issued reports on the stock. Berenberg Bank set a $10.00 target price on shares of Ford Motor and gave the stock a “sell” rating in a report on Monday, June 12th. Jefferies Group LLC reissued a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a report on Monday, May 22nd. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price for the company. in a report on Tuesday, July 4th. Guggenheim assumed coverage on shares of Ford Motor in a report on Wednesday, June 21st. They issued a “neutral” rating and a $13.00 target price for the company. Finally, ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the stock. Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $12.54.
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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