Palisades Hudson Asset Management L.P. reduced its stake in Ford Motor Company (NYSE:F) by 24.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,751 shares of the auto manufacturer’s stock after selling 3,906 shares during the quarter. Palisades Hudson Asset Management L.P.’s holdings in Ford Motor were worth $131,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Hartland & Co. LLC lifted its holdings in Ford Motor by 2.0% in the 2nd quarter. Hartland & Co. LLC now owns 51,442 shares of the auto manufacturer’s stock worth $576,000 after purchasing an additional 1,001 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Ford Motor by 1.1% during the second quarter. Deprince Race & Zollo Inc. now owns 2,838,912 shares of the auto manufacturer’s stock worth $31,767,000 after buying an additional 30,057 shares during the last quarter. Aspiriant LLC acquired a new position in shares of Ford Motor during the second quarter worth approximately $125,000. Ballentine Partners LLC acquired a new position in shares of Ford Motor during the second quarter worth approximately $122,000. Finally, Legal & General Group Plc lifted its holdings in shares of Ford Motor by 3.9% during the second quarter. Legal & General Group Plc now owns 22,198,898 shares of the auto manufacturer’s stock worth $248,432,000 after buying an additional 839,955 shares during the last quarter. Hedge funds and other institutional investors own 54.34% of the company’s stock.
A number of brokerages have recently commented on F. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Piper Jaffray Companies reiterated a “buy” rating and set a $14.00 price target on shares of Ford Motor in a report on Friday, July 28th. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price target for the company. in a report on Monday, September 4th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $12.50 price target (down from $14.00) on shares of Ford Motor in a report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $12.54.
In related news, insider Hau N. Thai-Tang sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the sale, the insider now owns 76,358 shares in the company, valued at approximately $878,117. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the sale, the vice president now owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. Insiders have sold a total of 145,624 shares of company stock worth $1,627,964 in the last 90 days. 1.08% of the stock is currently owned by corporate insiders.
Ford Motor Company (NYSE F) opened at 11.59 on Wednesday. The firm has a market cap of $46.03 billion, a price-to-earnings ratio of 12.20 and a beta of 1.12. The stock’s 50 day moving average price is $10.99 and its 200 day moving average price is $11.36. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $13.27.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The company had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same quarter last year, the company posted $0.52 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts predict that Ford Motor Company will post $1.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.18%. Ford Motor’s dividend payout ratio is currently 63.16%.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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