White Pine Investment CO decreased its position in Ford Motor (NYSE:F) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,193 shares of the auto manufacturer’s stock after selling 17,150 shares during the period. Ford Motor accounts for approximately 2.2% of White Pine Investment CO’s investment portfolio, making the stock its 26th largest position. White Pine Investment CO’s holdings in Ford Motor were worth $4,198,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of F. Kiley Juergens Wealth Management LLC purchased a new position in shares of Ford Motor during the 2nd quarter worth approximately $101,000. Kaizen Advisory LLC boosted its position in shares of Ford Motor by 155.5% during the 2nd quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock worth $108,000 after purchasing an additional 5,931 shares during the period. TRUE Private Wealth Advisors purchased a new position in shares of Ford Motor during the 2nd quarter worth approximately $112,000. Pinnacle Financial Partners Inc. purchased a new position in shares of Ford Motor during the 1st quarter worth approximately $113,000. Finally, Adviser Investments LLC boosted its position in shares of Ford Motor by 2,250.1% during the 2nd quarter. Adviser Investments LLC now owns 10,270 shares of the auto manufacturer’s stock worth $114,000 after purchasing an additional 9,833 shares during the period. 55.45% of the stock is owned by institutional investors and hedge funds.
In related news, Director John C. Lechleiter purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were purchased at an average cost of $9.89 per share, for a total transaction of $98,900.00. Following the purchase, the director now directly owns 45,000 shares of the company’s stock, valued at $445,050. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.95% of the stock is owned by company insiders.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 25th. The auto manufacturer reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Ford Motor had a net margin of 4.27% and a return on equity of 17.43%. The firm had revenue of $35.90 billion during the quarter, compared to analyst estimates of $35.63 billion. During the same quarter in the previous year, the business posted $0.56 earnings per share. Ford Motor’s revenue for the quarter was down 2.8% compared to the same quarter last year. equities analysts expect that Ford Motor will post 1.38 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Monday, July 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, July 20th. This represents a $0.60 annualized dividend and a yield of 6.16%. Ford Motor’s dividend payout ratio is currently 33.71%.
Several brokerages have commented on F. Guggenheim reissued a “hold” rating and issued a $11.50 price target on shares of Ford Motor in a research report on Friday, July 27th. Buckingham Research decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, July 26th. Morgan Stanley decreased their price target 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. Citigroup decreased their price target 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. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $11.50 price target on shares of Ford Motor in a research report on Thursday, July 26th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $12.22.
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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