Pinnacle Associates Ltd. Increases Stock Position in Ford Motor (NYSE:F)

Pinnacle Associates Ltd. increased its position in shares of Ford Motor (NYSE:F) by 196.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,107 shares of the auto manufacturer’s stock after buying an additional 65,726 shares during the period. Pinnacle Associates Ltd.’s holdings in Ford Motor were worth $1,014,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in F. Motco lifted its holdings in Ford Motor by 1,162.6% during the first quarter. Motco now owns 2,904 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 2,674 shares in the last quarter. JNBA Financial Advisors lifted its holdings in Ford Motor by 100.0% during the first quarter. JNBA Financial Advisors now owns 3,000 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 1,500 shares in the last quarter. Berman Capital Advisors LLC lifted its holdings in Ford Motor by 46.6% during the first quarter. Berman Capital Advisors LLC now owns 3,553 shares of the auto manufacturer’s stock valued at $31,000 after purchasing an additional 1,130 shares in the last quarter. Cornerstone Advisors Inc. lifted its holdings in Ford Motor by 38.2% during the first quarter. Cornerstone Advisors Inc. now owns 3,802 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 1,051 shares in the last quarter. Finally, West Oak Capital LLC lifted its holdings in Ford Motor by 46.3% during the second quarter. West Oak Capital LLC now owns 3,579 shares of the auto manufacturer’s stock valued at $37,000 after purchasing an additional 1,132 shares in the last quarter. 52.61% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO James P. Hackett sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $9.61, for a total transaction of $192,200.00. Following the completion of the sale, the chief executive officer now directly owns 214,575 shares in the company, valued at $2,062,065.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman William Clay Ford, Jr. acquired 840,962 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average price of $9.51 per share, with a total value of $7,997,548.62. Following the completion of the transaction, the chairman now owns 1,100,617 shares of the company’s stock, valued at approximately $10,466,867.67. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 115,000 shares of company stock valued at $1,137,650. 0.83% of the stock is owned by company insiders.

Several equities analysts have issued reports on F shares. Credit Suisse Group initiated coverage on shares of Ford Motor in a report on Wednesday, June 26th. They set an “outperform” rating and a $13.00 price objective on the stock. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, April 30th. TheStreet downgraded shares of Ford Motor from a “b-” rating to a “c” rating in a research note on Friday, July 26th. Morgan Stanley raised shares of Ford Motor from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $12.00 in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada reissued a “neutral” rating and issued a $10.50 price target on shares of Ford Motor in a research note on Thursday, July 25th. Four analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.48.

NYSE:F opened at $8.89 on Friday. The company’s 50-day moving average price is $9.70 and its 200-day moving average price is $9.47. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.86. The company has a market cap of $35.75 billion, a P/E ratio of 6.84, a P/E/G ratio of 0.95 and a beta of 1.13. Ford Motor has a twelve month low of $7.41 and a twelve month high of $10.56.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Ford Motor had a net margin of 1.37% and a return on equity of 14.92%. The firm had revenue of $35.91 billion for the quarter, compared to the consensus estimate of $35.21 billion. During the same period last year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts expect that Ford Motor will post 1.3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, July 23rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.75%. The ex-dividend date of this dividend is Monday, July 22nd. Ford Motor’s payout ratio is currently 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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