Westside Investment Management Inc. raised its position in shares of Ford Motor Company (NYSE:F) by 243.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,250 shares of the auto manufacturer’s stock after buying an additional 29,250 shares during the period. Westside Investment Management Inc.’s holdings in Ford Motor were worth $464,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. King Wealth Management Group LLC purchased a new stake in Ford Motor during the first quarter worth $145,000. Bridgewater Associates LP purchased a new stake in Ford Motor during the first quarter worth $2,342,000. TIAA CREF Investment Management LLC raised its stake in Ford Motor by 1.4% in the first quarter. TIAA CREF Investment Management LLC now owns 15,841,531 shares of the auto manufacturer’s stock worth $184,395,000 after buying an additional 212,027 shares during the period. Teachers Advisors LLC raised its stake in Ford Motor by 11.7% in the first quarter. Teachers Advisors LLC now owns 8,639,771 shares of the auto manufacturer’s stock worth $100,567,000 after buying an additional 903,953 shares during the period. Finally, Advantus Capital Management Inc raised its stake in Ford Motor by 0.7% in the first quarter. Advantus Capital Management Inc now owns 392,330 shares of the auto manufacturer’s stock worth $4,567,000 after buying an additional 2,841 shares during the period. 55.23% of the stock is owned by hedge funds and other institutional investors.
Shares of Ford Motor Company (F) opened at 10.89 on Wednesday. The firm has a market capitalization of $43.25 billion, a P/E ratio of 11.46 and a beta of 1.11. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $13.27. The firm has a 50-day moving average of $11.31 and a 200 day moving average of $11.67.
Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts expect 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. Investors of record on Monday, July 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date is Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 63.16%.
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A number of analysts recently weighed in on F shares. Zacks Investment Research raised shares of Ford Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 24th. Nomura reissued a “buy” rating and issued a $14.80 price objective on shares of Ford Motor in a research report on Tuesday, May 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Friday, May 5th. Jefferies Group LLC reissued a “hold” rating and issued a $12.00 price objective on shares of Ford Motor in a research report on Monday, May 22nd. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, May 24th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $13.11.
In other news, VP John T. Lawler sold 80,624 shares of the 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 completion of the transaction, the vice president now owns 10 shares in the company, valued at approximately $110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction dated Monday, June 12th. The shares were 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 approximately $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is owned by corporate 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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