Regal Wealth Group Inc. boosted its stake in shares of Ford Motor (NYSE:F) by 31.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,668 shares of the auto manufacturer’s stock after acquiring an additional 1,130 shares during the quarter. Regal Wealth Group Inc.’s holdings in Ford Motor were worth $36,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its holdings in Ford Motor by 1.6% in the first quarter. Nordea Investment Management AB now owns 495,957 shares of the auto manufacturer’s stock valued at $4,353,000 after acquiring an additional 7,574 shares during the last quarter. Thomasville National Bank bought a new stake in shares of Ford Motor during the second quarter valued at approximately $113,000. Beese Fulmer Investment Management Inc. bought a new stake in shares of Ford Motor during the second quarter valued at approximately $103,000. Cooper Financial Group bought a new stake in shares of Ford Motor during the second quarter valued at approximately $108,000. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Ford Motor by 5.8% during the second quarter. Crossmark Global Holdings Inc. now owns 480,800 shares of the auto manufacturer’s stock valued at $4,919,000 after purchasing an additional 26,444 shares in the last quarter. Hedge funds and other institutional investors own 53.79% of the company’s stock.
In related news, Chairman William Clay Ford, Jr. acquired 840,962 shares of Ford Motor stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $9.51 per share, for a total transaction of $7,997,548.62. Following the purchase, the chairman now owns 1,100,617 shares of the company’s stock, valued at approximately $10,466,867.67. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James D. Farley, Jr. sold 45,000 shares of Ford Motor stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $9.56, for a total value of $430,200.00. Following the transaction, the insider now owns 541,753 shares of the company’s stock, valued at approximately $5,179,158.68. The disclosure for this sale can be found here. Insiders sold a total of 130,000 shares of company stock valued at $1,197,750 in the last three months. Insiders own 0.83% of the company’s stock.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Ford Motor had a return on equity of 14.92% and a net margin of 1.37%. The firm had revenue of $35.91 billion during the quarter, compared to analyst estimates of $35.21 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities research analysts expect that Ford Motor will post 1.26 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, October 22nd will be given a $0.15 dividend. The ex-dividend date is Monday, October 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.61%. Ford Motor’s payout ratio is 46.15%.
F has been the topic of several research reports. Credit Suisse Group lowered Ford Motor to an “outperform” rating and set a $12.00 price target on the stock. in a research report on Wednesday, September 11th. Morgan Stanley set a $12.00 price target on Ford Motor and gave the company a “buy” rating in a research report on Friday, September 27th. Bank of America cut Ford Motor to a “buy” rating and set a $13.00 price objective for the company. in a research note on Tuesday, September 10th. ValuEngine cut Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a $10.50 price objective on shares of Ford Motor in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $10.30.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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