Douglas Lane & Associates LLC cut its holdings in shares of Ford Motor (NYSE:F) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,775,079 shares of the auto manufacturer’s stock after selling 31,890 shares during the quarter. Douglas Lane & Associates LLC owned 0.07% of Ford Motor worth $28,389,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Deprince Race & Zollo Inc. raised its position in shares of Ford Motor by 2.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,115,083 shares of the auto manufacturer’s stock valued at $16,180,000 after buying an additional 50,870 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Ford Motor by 47.7% during the fourth quarter. Bessemer Group Inc. now owns 8,395 shares of the auto manufacturer’s stock valued at $64,000 after buying an additional 2,711 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 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 valued at $399,887,000 after buying an additional 3,950,938 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Ford Motor during the fourth quarter valued at about $491,000. Finally, Paloma Partners Management Co raised its position in shares of Ford Motor by 187.0% during the fourth quarter. Paloma Partners Management Co now owns 37,185 shares of the auto manufacturer’s stock valued at $285,000 after buying an additional 24,229 shares during the last quarter. 52.34% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Catherine A. O’callaghan sold 53,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $10.33, for a total transaction of $547,490.00. Following the completion of the sale, the vice president now owns 48,275 shares of the company’s stock, valued at $498,680.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John C. Lechleiter acquired 10,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were purchased at an average cost of $10.32 per share, with a total value of $103,200.00. Following the acquisition, the director now owns 55,000 shares of the company’s stock, valued at approximately $567,600. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 123,000 shares of company stock valued at $1,254,940. Company insiders own 0.83% of the company’s stock.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.18. The company had revenue of $40.34 billion during the quarter, compared to analyst estimates of $37.37 billion. Ford Motor had a net margin of 1.94% and a return on equity of 14.41%. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. Analysts forecast that Ford Motor will post 1.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, July 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.90%. The ex-dividend date is Monday, July 22nd. Ford Motor’s payout ratio is 46.15%.
Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Morgan Stanley set a $10.00 price target on shares of Ford Motor and gave the stock a “hold” rating in a research report on Friday, April 26th. BMO Capital Markets lowered shares of Iamgold from an “outperform” rating to a “market perform” rating in a research report on Monday, May 6th. Nomura lowered shares of Ford Motor from a “neutral” rating to a “reduce” rating and dropped their price target for the stock from $8.20 to $7.50 in a research report on Friday, April 5th. Finally, TheStreet lowered shares of Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $10.70.
Ford Motor Profile
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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