Piedmont Investment Advisors LLC grew its position in Ford Motor Company (NYSE:F) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 832,866 shares of the auto manufacturer’s stock after purchasing an additional 8,500 shares during the period. Piedmont Investment Advisors LLC’s holdings in Ford Motor were worth $9,320,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in F. Bridgewater Associates LP acquired a new stake in Ford Motor in the first quarter valued at approximately $2,342,000. Mathes Company Inc. acquired a new stake in Ford Motor in the second quarter valued at approximately $571,000. CWA Asset Management Group LLC acquired a new stake in Ford Motor in the first quarter valued at approximately $122,000. AE Wealth Management LLC grew its holdings in Ford Motor by 37.5% in the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after purchasing an additional 46,598 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after purchasing an additional 333,821 shares during the period. 54.36% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the company. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price objective on the stock. in a research report on Tuesday, July 4th. Buckingham Research reiterated a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a research report on Thursday, August 24th. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank Of Canada restated a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Finally, Instinet downgraded Ford Motor from a “buy” rating to a “neutral” rating and reduced their target price for the company from $14.80 to $11.60 in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. Ford Motor presently has an average rating of “Hold” and a consensus price target of $12.44.
In related news, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $12.00, for a total value of $300,000.00. Following the completion of the sale, the insider now owns 51,358 shares in the company, valued at $616,296. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction dated Wednesday, October 4th. The shares were 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. Insiders have sold 217,700 shares of company stock valued at $2,486,044 over the last 90 days. Corporate insiders own 1.08% of the company’s stock.
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Ford Motor Company (F) traded down 1.71% during mid-day trading on Friday, reaching $12.06. The company’s stock had a trading volume of 33,925,366 shares. The firm has a market capitalization of $47.90 billion, a PE ratio of 12.69 and a beta of 1.12. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27. The stock’s 50-day moving average is $11.95 and its 200-day moving average is $11.35.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The firm had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same period in the prior year, the company posted $0.26 earnings per share. Ford Motor’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts anticipate that Ford Motor Company will post $1.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is 54.55%.
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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