TRUE Private Wealth Advisors reduced its stake in Ford Motor (NYSE:F) by 59.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,113 shares of the auto manufacturer’s stock after selling 24,119 shares during the period. TRUE Private Wealth Advisors’ holdings in Ford Motor were worth $164,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Ford Motor by 25.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,146,997 shares of the auto manufacturer’s stock valued at $10,071,000 after acquiring an additional 232,639 shares in the last quarter. Claro Advisors LLC acquired a new position in Ford Motor in the second quarter worth about $329,000. Investment Partners LTD. acquired a new position in Ford Motor in the second quarter worth about $175,000. Nordea Investment Management AB grew its stake in Ford Motor by 1.6% in the first quarter. Nordea Investment Management AB now owns 495,957 shares of the auto manufacturer’s stock worth $4,353,000 after purchasing an additional 7,574 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its stake in Ford Motor by 49.3% in the first quarter. Wesbanco Bank Inc. now owns 116,674 shares of the auto manufacturer’s stock worth $1,024,000 after purchasing an additional 38,535 shares in the last quarter. Hedge funds and other institutional investors own 52.11% of the company’s stock.
In other Ford Motor news, Chairman William Clay Ford, Jr. purchased 840,962 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were purchased at an average price of $9.51 per share, for a total transaction of $7,997,548.62. Following the completion of the transaction, the chairman now owns 1,100,617 shares in the company, valued at approximately $10,466,867.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Thornton acquired 10,200 shares of the stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of $9.81 per share, for a total transaction of $100,062.00. Following the completion of the transaction, the director now owns 197,290 shares in the company, valued at approximately $1,935,414.90. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 861,162 shares of company stock worth $8,193,611 and sold 115,000 shares worth $1,137,650. Insiders own 0.83% of the company’s stock.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Ford Motor had a return on equity of 14.92% and a net margin of 1.37%. The firm had revenue of $35.91 billion for the quarter, compared to analysts’ expectations of $35.21 billion. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, analysts forecast that Ford Motor will post 1.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, July 23rd will be given a $0.15 dividend. The ex-dividend date is Monday, July 22nd. This represents a $0.60 annualized dividend and a yield of 6.77%. Ford Motor’s dividend payout ratio (DPR) is 46.15%.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research note on Tuesday, April 30th. Morgan Stanley upgraded Ford Motor from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $10.00 to $12.00 in a research note on Tuesday, August 6th. Jefferies Financial Group upgraded Ford Motor to a “buy” rating and lifted their price target for the stock from $11.00 to $12.50 in a research note on Tuesday, April 30th. ValuEngine downgraded Ford Motor from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Finally, TheStreet cut shares of Ford Motor from a “b-” rating to a “c” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $10.48.
Ford Motor Company 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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