Howard Capital Management Inc. increased its stake in shares of Ford Motor (NYSE:F) by 115.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,063,884 shares of the auto manufacturer’s stock after buying an additional 1,105,227 shares during the quarter. Ford Motor comprises approximately 1.8% of Howard Capital Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Howard Capital Management Inc. owned 0.05% of Ford Motor worth $19,050,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Capital Group LLC lifted its position in Ford Motor by 1,726.4% during the first quarter. Private Capital Group LLC now owns 13,716 shares of the auto manufacturer’s stock valued at $152,000 after purchasing an additional 12,965 shares during the period. Moors & Cabot Inc. lifted its position in Ford Motor by 210.8% during the first quarter. Moors & Cabot Inc. now owns 84,763 shares of the auto manufacturer’s stock valued at $939,000 after purchasing an additional 57,494 shares during the period. CIBC World Markets Inc. lifted its position in Ford Motor by 40.7% during the first quarter. CIBC World Markets Inc. now owns 516,054 shares of the auto manufacturer’s stock valued at $5,718,000 after purchasing an additional 149,362 shares during the period. Wesbanco Bank Inc. lifted its position in Ford Motor by 36.7% during the first quarter. Wesbanco Bank Inc. now owns 121,334 shares of the auto manufacturer’s stock valued at $1,344,000 after purchasing an additional 32,561 shares during the period. Finally, Rational Advisors LLC acquired a new position in Ford Motor during the first quarter valued at $485,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director John C. Lechleiter purchased 10,000 shares of Ford Motor stock in a transaction that occurred on Thursday, August 2nd. The stock was purchased at an average price of $9.89 per share, for a total transaction of $98,900.00. Following the transaction, the director now directly owns 45,000 shares in the company, valued at $445,050. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, VP Steven R. Armstrong sold 13,000 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $9.54, for a total transaction of $124,020.00. Following the transaction, the vice president now owns 94,527 shares of the company’s stock, valued at approximately $901,787.58. The disclosure for this sale can be found here. Corporate insiders own 0.95% of the company’s stock.
Shares of Ford Motor stock opened at $8.51 on Friday. The stock has a market capitalization of $34.81 billion, a price-to-earnings ratio of 4.78, a PEG ratio of 1.25 and a beta of 0.86. Ford Motor has a fifty-two week low of $8.50 and a fifty-two week high of $13.48. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.21 and a quick ratio of 1.08.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 25th. The auto manufacturer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). The firm had revenue of $35.90 billion during the quarter, compared to analyst estimates of $35.63 billion. Ford Motor had a return on equity of 17.43% and a net margin of 4.27%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS. On average, sell-side analysts predict that Ford Motor will post 1.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd will be given a $0.15 dividend. The ex-dividend date is Monday, October 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.05%. Ford Motor’s dividend payout ratio (DPR) is currently 33.71%.
F has been the subject of a number of research reports. UBS Group decreased their target price on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. Barclays decreased their target price on shares of Ford Motor from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 26th. Morgan Stanley decreased their target price on shares of Ford Motor from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, August 1st. ValuEngine downgraded shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 5th. Finally, Citigroup decreased their target price on shares of Ford Motor from $10.80 to $10.50 and set a “neutral” rating for the company in a research report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $12.11.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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