Vident Investment Advisory LLC cut its stake in shares of Ford Motor Company (NYSE:F) by 93.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 12,168 shares of the auto manufacturer’s stock after selling 172,376 shares during the period. Vident Investment Advisory LLC’s holdings in Ford Motor were worth $142,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Ford Motor during the fourth quarter valued at $277,396,000. Swiss National Bank boosted its stake in shares of Ford Motor by 27.2% in the first quarter. Swiss National Bank now owns 13,137,535 shares of the auto manufacturer’s stock valued at $152,921,000 after buying an additional 2,811,700 shares during the period. American Century Companies Inc. boosted its stake in shares of Ford Motor by 22.1% in the first quarter. American Century Companies Inc. now owns 9,429,411 shares of the auto manufacturer’s stock valued at $109,758,000 after buying an additional 1,706,419 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Ford Motor during the fourth quarter valued at $18,162,000. Finally, Karp Capital Management Corp bought a new stake in Ford Motor during the first quarter worth $12,602,000. 55.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ford Motor Company (F) traded down 0.27% during midday trading on Tuesday, hitting $10.89. 26,315,788 shares of the company’s stock traded hands. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $13.27. The company has a 50 day moving average of $11.31 and a 200 day moving average of $11.67. The stock has a market cap of $43.25 billion, a P/E ratio of 11.46 and a beta of 1.11.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.13. The company had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. On average, equities analysts forecast that Ford Motor Company will post $1.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
A number of analysts have weighed in on F shares. Zacks Investment Research raised shares of Ford Motor from a “strong sell” rating to a “hold” rating in a report on Monday, April 24th. Nomura reissued a “buy” rating and set a $14.80 price objective on shares of Ford Motor in a report on Tuesday, May 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday, May 5th. Jefferies Group LLC reissued a “hold” rating and set a $12.00 price objective on shares of Ford Motor in a report on Monday, May 22nd. Finally, Deutsche Bank AG reissued a “hold” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.11.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the transaction, the insider now owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the transaction, the vice president now directly owns 10 shares of the company’s stock, valued at approximately $110. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by company insiders.
Ford Motor Company Profile
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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