Ford Motor (NYSE:F) Shares Sold by Griffin Asset Management Inc.

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Griffin Asset Management Inc. decreased its holdings in Ford Motor (NYSE:F) by 11.1% in the third quarter, Holdings Channel reports. The firm owned 20,024 shares of the auto manufacturer’s stock after selling 2,500 shares during the period. Griffin Asset Management Inc.’s holdings in Ford Motor were worth $183,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of F. Asset Dedication LLC lifted its position in Ford Motor by 80.2% in the third quarter. Asset Dedication LLC now owns 3,166 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 1,409 shares during the period. Strategic Blueprint LLC bought a new stake in shares of Ford Motor during the 3rd quarter worth $30,000. West Oak Capital LLC boosted its holdings 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 buying an additional 1,132 shares during the period. Citizens Financial Group Inc RI boosted its holdings in shares of Ford Motor by 63.6% during the 2nd quarter. Citizens Financial Group Inc RI now owns 3,601 shares of the auto manufacturer’s stock worth $37,000 after buying an additional 1,400 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Ford Motor during the 2nd quarter worth $39,000. 54.14% of the stock is owned by hedge funds and other institutional investors.

In other Ford Motor news, Director John C. Lechleiter acquired 25,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was bought at an average price of $8.68 per share, for a total transaction of $217,000.00. Following the purchase, the director now owns 89,700 shares in the company, valued at approximately $778,596. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James P. Hackett sold 20,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $9.16, for a total transaction of $183,200.00. Following the completion of the transaction, the chief executive officer now owns 174,575 shares of the company’s stock, valued at approximately $1,599,107. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,000 shares of company stock valued at $946,550. Corporate insiders own 0.83% of the company’s stock.

F has been the subject of a number of research reports. Buckingham Research reduced their price target on shares of Ford Motor from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Bank of America downgraded shares of Ford Motor to a “buy” rating and set a $13.00 price target for the company. in a report on Tuesday, September 10th. Morgan Stanley reissued a “buy” rating and issued a $12.00 price target on shares of Ford Motor in a report on Thursday, October 31st. Credit Suisse Group downgraded shares of Ford Motor to an “outperform” rating and set a $12.00 price target for the company. in a report on Wednesday, September 11th. Finally, ValuEngine downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ford Motor currently has a consensus rating of “Hold” and an average price target of $10.69.

Ford Motor stock traded down $0.16 during mid-day trading on Wednesday, reaching $8.88. The company had a trading volume of 16,543,315 shares, compared to its average volume of 40,971,380. The company has a quick ratio of 1.04, a current ratio of 1.17 and a debt-to-equity ratio of 2.81. Ford Motor has a 52 week low of $7.41 and a 52 week high of $10.56. The company has a 50 day moving average of $8.90 and a 200-day moving average of $9.54. The firm has a market cap of $35.27 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 1.01 and a beta of 1.10.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, October 23rd. The auto manufacturer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Ford Motor had a net margin of 1.01% and a return on equity of 15.53%. The company had revenue of $33.93 billion during the quarter, compared to analysts’ expectations of $33.88 billion. During the same quarter in the prior year, the company posted $0.29 EPS. The business’s revenue was down 2.1% on a year-over-year basis. On average, analysts predict that Ford Motor will post 1.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, October 22nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend is Monday, October 21st. Ford Motor’s dividend payout ratio is 46.15%.

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.

Further Reading: Portfolio Manager

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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