Rockefeller Capital Management L.P. lifted its stake in Ford Motor (NYSE:F) by 28.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,241,797 shares of the auto manufacturer’s stock after purchasing an additional 277,998 shares during the period. Rockefeller Capital Management L.P.’s holdings in Ford Motor were worth $11,487,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stratos Wealth Partners LTD. raised its position in Ford Motor by 4.3% during the third quarter. Stratos Wealth Partners LTD. now owns 232,114 shares of the auto manufacturer’s stock worth $2,147,000 after acquiring an additional 9,481 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Ford Motor by 5.9% during the third quarter. Daiwa Securities Group Inc. now owns 135,531 shares of the auto manufacturer’s stock worth $1,254,000 after acquiring an additional 7,610 shares during the last quarter. Private Advisor Group LLC raised its position in Ford Motor by 73.4% during the third quarter. Private Advisor Group LLC now owns 359,542 shares of the auto manufacturer’s stock worth $3,326,000 after acquiring an additional 152,219 shares during the last quarter. Synovus Financial Corp raised its position in Ford Motor by 14.9% during the third quarter. Synovus Financial Corp now owns 84,722 shares of the auto manufacturer’s stock worth $784,000 after acquiring an additional 10,966 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Ford Motor by 28.8% during the third quarter. Victory Capital Management Inc. now owns 1,498,920 shares of the auto manufacturer’s stock worth $13,865,000 after acquiring an additional 334,956 shares during the last quarter. Hedge funds and other institutional investors own 54.14% of the company’s stock.
In related news, VP Steven R. Armstrong sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $9.54, for a total value of $124,020.00. Following the completion of the sale, the vice president now directly owns 94,527 shares in the company, valued at $901,787.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ray T. Charley bought 4,000 shares of the stock in a transaction that occurred on Monday, October 29th. The stock was bought at an average price of $12.90 per share, with a total value of $51,600.00. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by insiders.
F has been the subject of a number of recent research reports. ValuEngine upgraded shares of Ford Motor from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 31st. Nomura lowered their price target on shares of Ford Motor from $9.00 to $8.10 and set a “neutral” rating for the company in a report on Tuesday, October 30th. Zacks Investment Research upgraded shares of Ford Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 30th. Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $12.00 in a report on Monday, October 29th. Finally, Buckingham Research lowered their price target on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a report 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 stock. The company currently has an average rating of “Hold” and a consensus price target of $11.58.
Ford Motor stock opened at $9.53 on Tuesday. Ford Motor has a 1 year low of $8.17 and a 1 year high of $13.48. The company has a market capitalization of $37.27 billion, a P/E ratio of 5.35, a P/E/G ratio of 1.32 and a beta of 0.68. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 2.80.
Ford Motor (NYSE:F) last released 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 net margin of 3.88% and a return on equity of 15.48%. The firm had revenue of $34.66 billion during the quarter, compared to the consensus estimate of $32.05 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. On average, research analysts predict that Ford Motor will post 1.34 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Tuesday, October 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, October 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 6.30%. Ford Motor’s payout ratio is 33.71%.
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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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