Laurel Wealth Advisors Inc. lifted its position in shares of Ford Motor Company (NYSE:F) by 29.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,484 shares of the auto manufacturer’s stock after purchasing an additional 14,419 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Ford Motor were worth $710,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Argent Trust Co raised its position in Ford Motor by 0.3% in the 1st quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock valued at $131,000 after buying an additional 30 shares during the last quarter. JFS Wealth Advisors LLC increased its position in shares of Ford Motor by 0.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 10,997 shares of the auto manufacturer’s stock valued at $123,000 after purchasing an additional 33 shares during the last quarter. FNY Managed Accounts LLC increased its position in shares of Ford Motor by 0.3% during the 1st quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after purchasing an additional 34 shares during the last quarter. Donaldson Capital Management LLC increased its position in shares of Ford Motor by 0.3% during the 2nd quarter. Donaldson Capital Management LLC now owns 13,851 shares of the auto manufacturer’s stock valued at $155,000 after purchasing an additional 43 shares during the last quarter. Finally, Gainplan LLC increased its position in shares of Ford Motor by 0.4% during the 2nd quarter. Gainplan LLC now owns 11,072 shares of the auto manufacturer’s stock valued at $124,000 after purchasing an additional 45 shares during the last quarter. 54.36% of the stock is currently owned by institutional investors.
In related news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares in the company, valued at approximately $110. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the transaction, the insider now owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. Insiders have sold a total of 217,700 shares of company stock valued at $2,486,044 in the last quarter. Company insiders own 1.08% of the company’s stock.
Several brokerages have recently issued reports on F. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Vetr downgraded Ford Motor from a “buy” rating to a “hold” rating and set a $12.34 price target for the company. in a research note on Wednesday, September 27th. Nomura reiterated a “neutral” rating and set a $11.60 price target (down previously from $14.00) on shares of Ford Motor in a research note on Friday, August 4th. Finally, Instinet downgraded Ford Motor from a “buy” rating to a “neutral” rating and cut their price target for the stock from $14.80 to $11.60 in a research note on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $12.44.
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Shares of Ford Motor Company (NYSE F) traded down 1.6887% during trading on Friday, reaching $12.0628. The company’s stock had a trading volume of 14,732,227 shares. Ford Motor Company has a 12-month low of $10.47 and a 12-month high of $13.27. The company has a 50 day moving average of $11.95 and a 200-day moving average of $11.35. The stock has a market cap of $47.91 billion, a price-to-earnings ratio of 12.6977 and a beta of 1.12.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. The company had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. Analysts forecast that Ford Motor Company will post $1.74 EPS for the current year.
The business 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.89%. Ford Motor’s payout ratio is currently 63.16%.
Ford Motor 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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