Foster & Motley Inc. decreased its holdings in shares of Ford Motor (NYSE:F) by 38.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,871 shares of the auto manufacturer’s stock after selling 36,605 shares during the period. Foster & Motley Inc.’s holdings in Ford Motor were worth $535,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Ford Motor in the 2nd quarter worth approximately $101,000. Credit Agricole S A grew its holdings in shares of Ford Motor by 135.0% in the 2nd quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock worth $104,000 after acquiring an additional 5,400 shares during the period. CLARET ASSET MANAGEMENT Corp acquired a new stake in shares of Ford Motor in the 3rd quarter worth approximately $106,000. Kaizen Advisory LLC grew its holdings in shares of Ford Motor by 155.5% in the 2nd quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock worth $108,000 after acquiring an additional 5,931 shares during the period. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of Ford Motor in the 2nd quarter worth approximately $112,000. Institutional investors own 54.09% of the company’s stock.
In other Ford Motor news, Director Ray T. Charley purchased 4,000 shares of Ford Motor stock in a transaction on Monday, October 29th. The shares were bought at an average price of $12.90 per share, with a total value of $51,600.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Steven R. Armstrong sold 13,000 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $9.54, for a total value of $124,020.00. Following the transaction, the vice president now directly owns 94,527 shares in the company, 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.
A number of equities research analysts recently weighed in on the company. ValuEngine upgraded Ford Motor from a “strong sell” rating to a “sell” rating in a report on Wednesday. Nomura lowered their price target on Ford Motor from $9.00 to $8.10 and set a “neutral” rating on the stock in a report on Tuesday. Zacks Investment Research raised Ford Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the company from $9.00 to $12.00 in a research note on Monday, October 29th. Finally, Buckingham Research reduced their target price on Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.58.
F stock opened at $9.38 on Friday. Ford Motor has a 1 year low of $8.17 and a 1 year high of $13.48. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21. The company has a market capitalization of $37.95 billion, a P/E ratio of 5.27, a P/E/G ratio of 1.34 and a beta of 0.67.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Ford Motor had a return on equity of 15.48% and a net margin of 3.88%. The firm had revenue of $34.66 billion for the quarter, compared to analyst estimates of $32.05 billion. During the same quarter in the prior year, the company earned $0.43 EPS. Analysts expect that Ford Motor will post 1.34 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Monday, October 22nd. Ford Motor’s dividend payout ratio is presently 33.71%.
Ford Motor Profile
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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