Balyasny Asset Management LLC boosted its position in shares of Ford Motor Company (NYSE:F) by 1,925.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 586,000 shares of the auto manufacturer’s stock after purchasing an additional 557,062 shares during the period. Balyasny Asset Management LLC’s holdings in Ford Motor were worth $6,557,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Ford Motor by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 264,421,059 shares of the auto manufacturer’s stock worth $2,958,871,000 after acquiring an additional 2,491,009 shares in the last quarter. BlackRock Inc. grew its holdings in Ford Motor by 2.4% during the 2nd quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock worth $2,624,814,000 after acquiring an additional 5,562,630 shares in the last quarter. State Street Corp grew its holdings in Ford Motor by 2.5% during the 1st 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 in the last quarter. Franklin Resources Inc. grew its holdings in Ford Motor by 5.7% during the 2nd quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after acquiring an additional 4,706,379 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Ford Motor by 0.5% during the 1st quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock worth $881,979,000 after acquiring an additional 391,692 shares in the last quarter. 54.35% of the stock is owned by institutional investors and hedge funds.
In related news, insider Joseph R. Hinrichs sold 40,000 shares of the company’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 transaction, the insider now owns 532,435 shares in the company, valued at approximately $6,037,812.90. The sale was disclosed in a filing 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 dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. In the last quarter, insiders have sold 217,700 shares of company stock worth $2,486,044. 1.08% of the stock is owned by corporate insiders.
Several research analysts have weighed in on the stock. Barclays PLC lowered shares of Ford Motor from an “overweight” rating to a “hold” rating and set a $15.00 price objective for the company. in a report on Friday. Vetr raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $13.24 price objective for the company in a report on Friday. FIG Partners reissued a “hold” rating on shares of Ford Motor in a report on Monday. TheStreet raised shares of Ford Motor from a “c+” rating to a “b-” rating in a report on Thursday, October 5th. Finally, Standpoint Research raised shares of Ford Motor from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $12.50.
Shares of Ford Motor Company (NYSE:F) opened at 12.12 on Friday. The company has a market capitalization of $48.14 billion, a P/E ratio of 12.76 and a beta of 1.12. The company has a 50-day moving average of $11.68 and a 200 day moving average of $11.30. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27.
Ford Motor (NYSE:F) last issued 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. The business had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Analysts forecast that Ford Motor Company will post $1.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 23rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.95%. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
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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