Conning Inc. trimmed its holdings in shares of Ford Motor (NYSE:F) by 8.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,780 shares of the auto manufacturer’s stock after selling 8,399 shares during the period. Conning Inc.’s holdings in Ford Motor were worth $867,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Kiley Juergens Wealth Management LLC acquired a new position in Ford Motor in the 2nd quarter worth approximately $101,000. Credit Agricole S A boosted its stake in 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 purchasing an additional 5,400 shares during the period. Kaizen Advisory LLC boosted its stake in 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 purchasing an additional 5,931 shares during the period. TRUE Private Wealth Advisors acquired a new position in Ford Motor in the 2nd quarter worth approximately $112,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Ford Motor in the 2nd quarter worth approximately $113,000. Hedge funds and other institutional investors own 54.09% of the company’s stock.
A number of equities analysts recently commented on the stock. ValuEngine lowered shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 5th. Zacks Investment Research downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Piper Jaffray Companies reiterated a “hold” rating on shares of Ford Motor in a research report on Tuesday, July 24th. Royal Bank of Canada reiterated a “hold” rating and issued a $11.50 target price on shares of Ford Motor in a research report on Thursday, July 26th. Finally, UBS Group cut their target price on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.58.
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, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $34.66 billion during the quarter, compared to the consensus estimate of $32.05 billion. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, research analysts expect that Ford Motor will post 1.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, October 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, October 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.34%. Ford Motor’s dividend payout ratio is currently 33.71%.
In other Ford Motor news, Director Ray T. Charley purchased 4,000 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were acquired at an average price of $12.90 per share, for a total transaction of $51,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, VP Steven R. Armstrong sold 13,000 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $9.54, for a total transaction of $124,020.00. Following the transaction, the vice president now owns 94,527 shares in the company, valued at approximately $901,787.58. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by company insiders.
Ford Motor Company 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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