Employees Retirement System of Texas lessened its stake in Ford Motor Company (NYSE:F) by 10.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 244,000 shares of the auto manufacturer’s stock after selling 27,000 shares during the period. Employees Retirement System of Texas’ holdings in Ford Motor were worth $2,730,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bridgewater Associates LP bought a new position in Ford Motor during the 1st quarter valued at approximately $2,342,000. Mathes Company Inc. bought a new position in Ford Motor during the 2nd quarter valued at approximately $571,000. CWA Asset Management Group LLC bought a new position in Ford Motor during the 1st quarter valued at approximately $122,000. AE Wealth Management LLC raised its position in Ford Motor by 37.5% during the 1st quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after purchasing an additional 46,598 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in Ford Motor by 133.0% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after purchasing an additional 333,821 shares during the last quarter. 54.35% of the stock is owned by institutional investors.
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A number of research firms have commented on F. Standpoint Research raised Ford Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. FIG Partners reaffirmed a “hold” rating on shares of Ford Motor in a research report on Monday. TheStreet raised Ford Motor from a “c+” rating to a “b-” rating in a research report on Thursday, October 5th. Vetr raised Ford Motor from a “hold” rating to a “buy” rating and set a $13.34 price target for the company in a research report on Wednesday, October 4th. Finally, Barclays PLC lowered Ford Motor from an “overweight” rating to a “hold” rating and set a $15.00 price target for the company. in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $12.50.
In related news, insider Steven R. Armstrong sold 22,076 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. Insiders sold 217,700 shares of company stock valued at $2,486,044 in the last three months. 1.08% of the stock is currently owned by insiders.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. The company had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. Ford Motor’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. Ford Motor’s dividend payout ratio (DPR) is 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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