Ford Motor (NYSE:F) Shares Sold by Kornitzer Capital Management Inc. KS

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Kornitzer Capital Management Inc. KS reduced its holdings in Ford Motor (NYSE:F) by 1.0% during the 2nd quarter, Holdings Channel reports. The fund owned 705,963 shares of the auto manufacturer’s stock after selling 7,125 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Ford Motor were worth $7,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Motco boosted its stake in shares of Ford Motor by 1,162.6% during the 1st quarter. Motco now owns 2,904 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 2,674 shares in the last quarter. JNBA Financial Advisors boosted its stake in shares of Ford Motor by 100.0% during the 1st quarter. JNBA Financial Advisors now owns 3,000 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,500 shares in the last quarter. Berman Capital Advisors LLC boosted its stake in shares of Ford Motor by 46.6% during the 1st quarter. Berman Capital Advisors LLC now owns 3,553 shares of the auto manufacturer’s stock worth $31,000 after acquiring an additional 1,130 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Ford Motor by 38.2% during the 1st quarter. Cornerstone Advisors Inc. now owns 3,802 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 1,051 shares in the last quarter. Finally, West Oak Capital LLC boosted its stake in shares of Ford Motor by 46.3% during the 2nd quarter. West Oak Capital LLC now owns 3,579 shares of the auto manufacturer’s stock worth $37,000 after acquiring an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors own 52.11% of the company’s stock.

NYSE F opened at $8.91 on Thursday. Ford Motor has a fifty-two week low of $7.41 and a fifty-two week high of $10.56. The company’s 50-day moving average is $9.89. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.86. The company has a market capitalization of $37.07 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 0.99 and a beta of 1.13.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share for the quarter, beating 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 company had revenue of $35.91 billion for the quarter, compared to analyst estimates of $35.21 billion. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. On average, analysts forecast that Ford Motor will post 1.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, July 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, July 22nd. This represents a $0.60 annualized dividend and a yield of 6.74%. Ford Motor’s dividend payout ratio (DPR) is currently 46.15%.

Several research firms have recently weighed in on F. Credit Suisse Group began coverage on Ford Motor in a research note on Wednesday, June 26th. They set an “outperform” rating and a $13.00 price objective for the company. ValuEngine lowered Ford Motor from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Bank of America raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $14.00 in a research note on Friday, May 10th. BMO Capital Markets raised their price objective on Ford Motor from $8.50 to $10.00 and gave the stock a “market perform” rating in a research note on Monday, May 6th. Finally, Goldman Sachs Group set a $13.00 price objective on Ford Motor and gave the stock a “buy” rating in a research note on Thursday, June 13th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.48.

In other news, insider Kiersten Robinson sold 15,000 shares of Ford Motor stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $10.50, for a total value of $157,500.00. Following the transaction, the insider now directly owns 51,027 shares in the company, valued at $535,783.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James P. Hackett sold 20,000 shares of Ford Motor stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $9.61, for a total value of $192,200.00. Following the completion of the transaction, the chief executive officer now owns 214,575 shares in the company, valued at $2,062,065.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 861,162 shares of company stock worth $8,193,611 and have sold 115,000 shares worth $1,137,650. 0.83% of the stock is owned by company insiders.

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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Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F).

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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