Columbia Asset Management lowered its stake in shares of Ford Motor Company (NYSE:F) by 29.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 109,809 shares of the auto manufacturer’s stock after selling 46,445 shares during the period. Columbia Asset Management’s holdings in Ford Motor were worth $1,314,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in F. Balentine LLC raised its position in shares of Ford Motor by 2.6% during the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 231 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Ford Motor during the second quarter valued at about $106,000. Archford Capital Strategies LLC raised its position in shares of Ford Motor by 7.8% during the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares during the last quarter. Reilly Financial Advisors LLC raised its position in shares of Ford Motor by 1.5% during the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after buying an additional 150 shares during the last quarter. Finally, Kelman Lazarov Inc. acquired a new position in Ford Motor in the second quarter worth about $116,000. 54.31% of the stock is owned by institutional investors and hedge funds.
Shares of Ford Motor Company (F) traded up $0.02 during mid-day trading on Thursday, reaching $12.02. 10,323,769 shares of the company’s stock were exchanged, compared to its average volume of 37,809,051. Ford Motor Company has a 1 year low of $10.47 and a 1 year high of $13.27. The company has a market capitalization of $47,710.00, a PE ratio of 7.15, a PEG ratio of 0.62 and a beta of 1.25. The company has a current ratio of 1.19, a quick ratio of 1.08 and a debt-to-equity ratio of 2.94.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be paid a $0.15 dividend. The ex-dividend date is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a yield of 4.99%. Ford Motor’s payout ratio is presently 54.55%.
In other Ford Motor news, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the sale, the insider now owns 76,358 shares in the company, valued at $878,117. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,076 shares of company stock worth $1,599,180. Insiders own 1.08% of the company’s stock.
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Several research analysts recently issued reports on F shares. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price target for the company in a research report on Tuesday, July 25th. Standpoint Research raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Finally, BidaskClub raised shares of Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.63.
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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