Zurich Insurance Group Ltd FI boosted its position in Ford Motor Company (NYSE:F) by 33.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 586,408 shares of the auto manufacturer’s stock after buying an additional 146,683 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Ford Motor were worth $6,562,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of F. Karp Capital Management Corp bought a new stake in Ford Motor during the 1st quarter worth approximately $12,602,000. Sei Investments Co. increased its holdings in Ford Motor by 6.2% during the 1st quarter. Sei Investments Co. now owns 135,804 shares of the auto manufacturer’s stock worth $1,580,000 after purchasing an additional 7,972 shares in the last quarter. Advent Capital Management DE bought a new stake in Ford Motor during the 1st quarter worth approximately $4,521,000. FormulaFolio Investments LLC increased its holdings in Ford Motor by 8.9% during the 1st quarter. FormulaFolio Investments LLC now owns 11,488 shares of the auto manufacturer’s stock worth $134,000 after purchasing an additional 939 shares in the last quarter. Finally, Flippin Bruce & Porter Inc. increased its holdings in Ford Motor by 13.0% during the 1st quarter. Flippin Bruce & Porter Inc. now owns 667,640 shares of the auto manufacturer’s stock worth $7,771,000 after purchasing an additional 76,828 shares in the last quarter. 54.35% of the stock is owned by institutional investors and hedge funds.
In other Ford Motor news, insider Steven R. Armstrong sold 22,076 shares of Ford Motor stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hau N. Thai-Tang sold 25,000 shares of Ford Motor stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $12.00, for a total transaction of $300,000.00. Following the completion of the sale, the insider now directly owns 51,358 shares of the company’s stock, valued at approximately $616,296. The disclosure for this sale can be found here. In the last ninety days, insiders sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is currently owned by insiders.
A number of analysts have commented on F shares. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price objective for the company. in a report on Monday, September 4th. Berenberg Bank set a $10.00 price objective on Ford Motor and gave the stock a “sell” rating in a report on Monday, August 14th. BidaskClub raised Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Piper Jaffray Companies reissued a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $13.00 price objective on shares of Ford Motor in a report on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $12.44.
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Ford Motor Company (NYSE F) opened at 12.05 on Friday. The stock has a market cap of $47.86 billion, a P/E ratio of 12.68 and a beta of 1.12. Ford Motor Company has a 1-year low of $10.47 and a 1-year high of $13.27. The company has a 50-day moving average price of $11.72 and a 200 day moving average price of $11.31.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s revenue was down .5% on a year-over-year basis. Equities analysts expect that Ford Motor Company will post $1.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is presently 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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