Independence Bank of Kentucky Has $335,000 Position in Ford Motor (F)

Independence Bank of Kentucky reduced its position in Ford Motor (NYSE:F) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,295 shares of the auto manufacturer’s stock after selling 6,325 shares during the period. Independence Bank of Kentucky’s holdings in Ford Motor were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Convergence Investment Partners LLC increased its holdings in Ford Motor by 3.7% in the 2nd quarter. Convergence Investment Partners LLC now owns 290,114 shares of the auto manufacturer’s stock worth $3,212,000 after acquiring an additional 10,425 shares in the last quarter. SG Americas Securities LLC increased its holdings in Ford Motor by 211.3% in the 2nd quarter. SG Americas Securities LLC now owns 1,661,131 shares of the auto manufacturer’s stock worth $18,389,000 after acquiring an additional 1,127,504 shares in the last quarter. Johnson Financial Group Inc. increased its holdings in Ford Motor by 21.1% in the 2nd quarter. Johnson Financial Group Inc. now owns 130,459 shares of the auto manufacturer’s stock worth $1,444,000 after acquiring an additional 22,698 shares in the last quarter. Clear Perspective Advisors LLC increased its holdings in Ford Motor by 34.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 41,319 shares of the auto manufacturer’s stock worth $457,000 after acquiring an additional 10,500 shares in the last quarter. Finally, Greenleaf Trust increased its holdings in Ford Motor by 85.4% in the 2nd quarter. Greenleaf Trust now owns 52,833 shares of the auto manufacturer’s stock worth $585,000 after acquiring an additional 24,337 shares in the last quarter. Hedge funds and other institutional investors own 55.36% of the company’s stock.

Shares of Ford Motor stock traded down $0.13 during trading hours on Wednesday, reaching $9.37. 290,381 shares of the company’s stock were exchanged, compared to its average volume of 42,834,668. Ford Motor has a 1 year low of $9.42 and a 1 year high of $13.48. The firm has a market capitalization of $38.70 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 0.83 and a beta of 0.91. 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, July 25th. The auto manufacturer reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Ford Motor had a return on equity of 17.43% and a net margin of 4.27%. The business had revenue of $35.90 billion for the quarter, compared to analysts’ expectations of $35.63 billion. During the same period in the previous year, the company earned $0.56 EPS. Ford Motor’s quarterly revenue was down 2.8% compared to the same quarter last year. research analysts anticipate that Ford Motor will post 1.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Monday, July 23rd will be issued 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 is Friday, July 20th. Ford Motor’s payout ratio is 33.71%.

Several equities research analysts recently commented on the stock. TheStreet lowered shares of Ford Motor from a “b-” rating to a “c+” rating in a report on Monday. Zacks Investment Research lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Morgan Stanley boosted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, May 3rd. ValuEngine lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. Finally, Buckingham Research cut their price target on shares of Ford Motor from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, July 26th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $12.23.

In other Ford Motor news, Director John C. Lechleiter bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 2nd. The stock was acquired at an average price of $9.89 per share, with a total value of $98,900.00. Following the completion of the acquisition, the director now directly owns 45,000 shares of the company’s stock, valued at $445,050. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.95% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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