Global Financial Private Capital LLC trimmed its position in Ford Motor (NYSE:F) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,148 shares of the auto manufacturer’s stock after selling 28,411 shares during the period. Global Financial Private Capital LLC’s holdings in Ford Motor were worth $3,461,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Kiley Juergens Wealth Management LLC purchased a new position in shares of Ford Motor during the 2nd quarter worth about $101,000. Credit Agricole S A lifted its holdings in shares of Ford Motor by 135.0% during the 2nd quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock worth $104,000 after acquiring an additional 5,400 shares during the period. Kaizen Advisory LLC lifted its holdings in shares of Ford Motor by 155.5% during the 2nd quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock worth $108,000 after acquiring an additional 5,931 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Ford Motor during the 2nd quarter worth about $113,000. Finally, TRUE Private Wealth Advisors purchased a new position in shares of Ford Motor during the 2nd quarter worth about $112,000. Institutional investors own 54.14% of the company’s stock.
A number of analysts recently issued reports on F shares. Jefferies Financial Group reissued a “buy” rating and set a $13.00 target price on shares of Ford Motor in a research report on Friday, October 5th. Zacks Investment Research downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to a “sell” rating in a research report on Friday, August 31st. TheStreet downgraded shares of Ford Motor from a “b-” rating to a “c+” rating in a research report on Monday, August 13th. Finally, Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.00 to $12.00 in a research report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $11.27.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. The company had revenue of $34.66 billion during the quarter, compared to the consensus estimate of $32.05 billion. During the same quarter last year, the company earned $0.43 earnings per share. On average, analysts anticipate that Ford Motor will post 1.34 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend is Monday, October 22nd. Ford Motor’s dividend payout ratio (DPR) is 33.71%.
In other news, VP Steven R. Armstrong sold 13,000 shares of the stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $9.54, for a total transaction of $124,020.00. Following the completion of the transaction, the vice president now directly owns 94,527 shares in the company, valued at approximately $901,787.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ray T. Charley bought 4,000 shares of Ford Motor stock in a transaction dated Monday, October 29th. The shares were acquired at an average price of $12.90 per share, with a total value of $51,600.00. The disclosure for this purchase can be found here. 0.95% of the stock is owned by company insiders.
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Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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