Chevy Chase Trust Holdings Inc. trimmed its position in shares of Ford Motor (NYSE:F) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,693,433 shares of the auto manufacturer’s stock after selling 54,725 shares during the quarter. Chevy Chase Trust Holdings Inc. owned 0.09% of Ford Motor worth $46,131,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of F. Coldstream Capital Management Inc. grew its stake in Ford Motor by 0.7% in the 2nd quarter. Coldstream Capital Management Inc. now owns 12,205 shares of the auto manufacturer’s stock valued at $137,000 after purchasing an additional 89 shares during the period. Balentine LLC grew its stake in Ford Motor by 4.0% in the 2nd quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock valued at $106,000 after purchasing an additional 365 shares during the period. Arete Wealth Advisors LLC grew its stake in Ford Motor by 3.6% in the 2nd quarter. Arete Wealth Advisors LLC now owns 17,707 shares of the auto manufacturer’s stock valued at $198,000 after purchasing an additional 622 shares during the period. Armor Investment Advisors LLC grew its stake in Ford Motor by 0.8% in the 2nd quarter. Armor Investment Advisors LLC now owns 92,482 shares of the auto manufacturer’s stock valued at $1,035,000 after purchasing an additional 703 shares during the period. Finally, Calamos Wealth Management LLC grew its stake in Ford Motor by 0.4% in the 2nd quarter. Calamos Wealth Management LLC now owns 218,247 shares of the auto manufacturer’s stock valued at $2,442,000 after purchasing an additional 777 shares during the period. 54.06% of the stock is currently owned by institutional investors.
F has been the subject of several research reports. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, December 26th. Morgan Stanley reiterated an “equal weight” rating on shares of Ford Motor in a research note on Tuesday, November 28th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 price target for the company in a research note on Friday, January 26th. Royal Bank of Canada reiterated a “hold” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, December 20th. Finally, ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. Ford Motor presently has a consensus rating of “Hold” and an average target price of $12.54.
In other news, insider Hau N. Thai-Tang sold 19,000 shares of Ford Motor stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total value of $237,500.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John C. Lechleiter acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of $10.28 per share, for a total transaction of $51,400.00. Following the completion of the transaction, the director now owns 30,000 shares in the company, valued at approximately $308,400. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 47,752 shares of company stock worth $603,965. 1.08% of the stock is owned by corporate insiders.
Shares of Ford Motor (NYSE F) traded up $0.15 during midday trading on Wednesday, hitting $10.74. The company had a trading volume of 27,840,000 shares, compared to its average volume of 59,750,000. The stock has a market cap of $42,660.00, a PE ratio of 5.65, a price-to-earnings-growth ratio of 0.64 and a beta of 1.14. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 2.94. Ford Motor has a 52 week low of $10.19 and a 52 week high of $13.48.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). The firm had revenue of $38.50 billion for the quarter, compared to analysts’ expectations of $36.96 billion. Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. sell-side analysts anticipate that Ford Motor will post 1.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, January 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, January 29th. This represents a $0.60 annualized dividend and a yield of 5.59%. Ford Motor’s payout ratio is 31.58%.
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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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