State of Alaska Department of Revenue raised its position in Ford Motor (NYSE:F) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 619,055 shares of the auto manufacturer’s stock after purchasing an additional 37,879 shares during the quarter. State of Alaska Department of Revenue’s holdings in Ford Motor were worth $6,331,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in F. Norges Bank bought a new position in shares of Ford Motor in the 4th quarter valued at about $161,692,000. Geode Capital Management LLC grew its holdings in shares of Ford Motor by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock valued at $399,887,000 after acquiring an additional 3,950,938 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Ford Motor by 147.8% in the 1st quarter. SG Americas Securities LLC now owns 1,162,396 shares of the auto manufacturer’s stock valued at $10,206,000 after acquiring an additional 3,593,791 shares in the last quarter. Bluestein R H & Co. grew its holdings in shares of Ford Motor by 259.2% in the 1st quarter. Bluestein R H & Co. now owns 2,329,166 shares of the auto manufacturer’s stock valued at $20,450,000 after acquiring an additional 1,680,793 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Ford Motor by 32.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 6,072,509 shares of the auto manufacturer’s stock valued at $62,121,000 after acquiring an additional 1,497,208 shares in the last quarter. Institutional investors own 52.33% of the company’s stock.
A number of equities analysts recently commented on the company. Jefferies Financial Group upgraded Ford Motor to a “buy” rating and lifted their price target for the stock from $11.00 to $12.50 in a report on Tuesday, April 30th. Nomura cut Ford Motor from a “neutral” rating to a “reduce” rating and reduced their price target for the stock from $8.20 to $7.50 in a report on Friday, April 5th. Morgan Stanley set a $10.00 price target on Ford Motor and gave the stock a “hold” rating in a report on Friday, April 26th. Royal Bank of Canada reiterated a “neutral” rating and set a $10.50 price target on shares of Ford Motor in a report on Thursday, July 25th. Finally, Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Tuesday, April 30th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.33.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $35.21 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The business’s revenue was up .4% on a year-over-year basis. On average, analysts anticipate that Ford Motor will post 1.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, July 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.32%. Ford Motor’s payout ratio is 46.15%.
In other Ford Motor news, insider James D. Farley, Jr. sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $9.56, for a total transaction of $430,200.00. Following the completion of the transaction, the insider now directly owns 541,753 shares in the company, valued at $5,179,158.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kiersten Robinson sold 15,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $10.25, for a total transaction of $153,750.00. Following the transaction, the insider now owns 66,027 shares of the company’s stock, valued at $676,776.75. The disclosure for this sale can be found here. Over the last quarter, insiders bought 30,200 shares of company stock valued at $299,262 and sold 115,000 shares valued at $1,137,650. 0.83% of the stock is currently owned by insiders.
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.
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