Blair William & Co. IL grew its stake in Ford Motor Company (NYSE:F) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,648 shares of the auto manufacturer’s stock after buying an additional 27,579 shares during the period. Blair William & Co. IL’s holdings in Ford Motor were worth $2,033,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of F. BlackRock Inc. increased 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 worth $2,665,619,000 after acquiring an additional 221,597,419 shares during the period. Vanguard Group Inc. increased 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 worth $3,048,866,000 after acquiring an additional 6,013,577 shares during the period. Morgan Stanley increased its stake in shares of Ford Motor by 11.5% in the first quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock worth $455,168,000 after acquiring an additional 4,040,717 shares during the period. State Street Corp increased 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 worth $1,896,009,000 after acquiring an additional 3,999,705 shares during the period. Finally, Geode Capital Management LLC increased 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 worth $475,306,000 after acquiring an additional 3,978,850 shares during the period. 54.34% of the stock is owned by institutional investors and hedge funds.
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A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price objective on the stock. in a research note on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $12.00 price objective on shares of Ford Motor in a research note on Sunday. ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Wolfe Research started coverage on shares of Ford Motor in a research report on Tuesday, June 13th. They set a “market perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.54.
In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the sale, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the transaction, the insider now owns 76,358 shares in the company, valued at $878,117. The disclosure for this sale can be found here. Insiders have sold a total of 145,624 shares of company stock worth $1,627,964 over the last ninety days. 1.08% of the stock is owned by corporate insiders.
Ford Motor Company (NYSE:F) opened at 11.59 on Wednesday. The stock has a market capitalization of $46.03 billion, a P/E ratio of 12.20 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. The firm’s 50-day moving average is $10.99 and its 200-day moving average is $11.36.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $37.22 billion. During the same period last 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 predict that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders 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 annualized dividend and a dividend yield of 5.18%. Ford Motor’s dividend payout ratio is currently 63.16%.
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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