Westwood Holdings Group Inc. bought a new position in Ford Motor Company (NYSE:F) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 38,500 shares of the auto manufacturer’s stock, valued at approximately $430,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in Ford Motor by 1.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,520 shares of the auto manufacturer’s stock valued at $231,000 after purchasing an additional 196 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Ford Motor by 145.7% in the first quarter. Toronto Dominion Bank now owns 1,654,413 shares of the auto manufacturer’s stock valued at $19,255,000 after purchasing an additional 981,038 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Ford Motor by 1.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 896,000 shares of the auto manufacturer’s stock valued at $10,425,000 after purchasing an additional 11,000 shares during the last quarter. Sawtooth Solutions LLC boosted its holdings in Ford Motor by 8.9% in the first quarter. Sawtooth Solutions LLC now owns 113,083 shares of the auto manufacturer’s stock valued at $1,316,000 after purchasing an additional 9,197 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in Ford Motor by 8.1% in the first quarter. Hodges Capital Management Inc. now owns 24,001 shares of the auto manufacturer’s stock valued at $279,000 after purchasing an additional 1,805 shares during the last quarter. 54.36% of the stock is owned by institutional investors.
Shares of Ford Motor Company (NYSE:F) opened at 12.10 on Friday. The stock has a 50 day moving average price of $11.95 and a 200 day moving average price of $11.35. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27. The firm has a market cap of $48.06 billion, a PE ratio of 12.74 and a beta of 1.12.
Ford Motor (NYSE:F) last released its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.10. The firm had revenue of $33.65 billion for the quarter, compared to analysts’ expectations of $32.80 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. On average, equities research analysts expect that Ford Motor Company will post $1.74 EPS for the current 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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Friday, October 20th. Ford Motor’s payout ratio is 63.16%.
In related news, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the sale, the insider now owns 76,358 shares of the company’s stock, valued at approximately $878,117. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven R. Armstrong sold 22,076 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. In the last three months, insiders sold 217,700 shares of company stock worth $2,486,044. Insiders own 1.08% of the company’s stock.
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A number of research analysts have commented on F shares. Deutsche Bank AG reaffirmed a “hold” rating and set a $14.00 target price on shares of Ford Motor in a report on Friday, June 30th. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price on the stock. in a report on Tuesday, July 4th. BidaskClub raised Ford Motor from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $14.00 price target on shares of Ford Motor in a research report on Friday, July 28th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $12.44.
Ford Motor Company 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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