Raymond James & Associates reduced its position in Ford Motor (NYSE:F) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,891,374 shares of the auto manufacturer’s stock after selling 64,318 shares during the quarter. Raymond James & Associates’ holdings in Ford Motor were worth $16,606,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Ford Motor by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock worth $399,887,000 after purchasing an additional 3,950,938 shares during the period. Pzena Investment Management LLC boosted its position in Ford Motor by 5.3% during the fourth quarter. Pzena Investment Management LLC now owns 42,974,503 shares of the auto manufacturer’s stock worth $328,755,000 after purchasing an additional 2,169,719 shares during the period. Northern Trust Corp boosted its position in Ford Motor by 3.6% during the fourth quarter. Northern Trust Corp now owns 42,006,725 shares of the auto manufacturer’s stock worth $321,352,000 after purchasing an additional 1,474,637 shares during the period. Legal & General Group Plc boosted its position in Ford Motor by 5.7% during the fourth quarter. Legal & General Group Plc now owns 22,619,672 shares of the auto manufacturer’s stock worth $173,065,000 after purchasing an additional 1,210,042 shares during the period. Finally, Norges Bank purchased a new stake in shares of Ford Motor in the fourth quarter worth about $161,692,000. 52.37% of the stock is currently owned by institutional investors.
In other Ford Motor news, Director John L. Thornton purchased 10,200 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average cost of $9.81 per share, for a total transaction of $100,062.00. Following the purchase, the director now directly owns 197,290 shares of the company’s stock, valued at approximately $1,935,414.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James P. Hackett sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $9.61, for a total value of $192,200.00. Following the sale, the chief executive officer now directly owns 214,575 shares in the company, valued at $2,062,065.75. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.
A number of brokerages have recently issued reports on F. Morgan Stanley set a $10.00 price target on shares of Ford Motor and gave the stock a “hold” rating in a report on Friday, April 26th. TheStreet raised shares of Ford Motor from a “c” rating to a “b-” rating in a report on Thursday, April 25th. BMO Capital Markets increased their price target on shares of Ford Motor from $8.50 to $10.00 and gave the stock a “market perform” rating in a report on Monday, May 6th. ValuEngine raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, April 30th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $10.54.
NYSE:F traded down $0.08 during mid-day trading on Friday, reaching $9.98. The company’s stock had a trading volume of 20,211,836 shares, compared to its average volume of 41,287,266. The firm has a market cap of $39.30 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. Ford Motor has a 12-month low of $7.41 and a 12-month high of $12.05. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.10 and a current ratio of 1.22.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.18. The business had revenue of $40.34 billion during the quarter, compared to the consensus estimate of $37.37 billion. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. As a group, research analysts predict that Ford Motor will post 1.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, April 24th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.01%. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.
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About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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