Cornerstone Wealth Management LLC decreased its stake in Ford Motor Company (NYSE:F) by 7.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,386 shares of the auto manufacturer’s stock after selling 4,900 shares during the period. Cornerstone Wealth Management LLC’s holdings in Ford Motor were worth $708,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank raised its position in Ford Motor by 27.2% in the first quarter. Swiss National Bank now owns 13,137,535 shares of the auto manufacturer’s stock worth $152,921,000 after buying an additional 2,811,700 shares during the period. WINTON GROUP Ltd raised its position in Ford Motor by 85.0% in the first quarter. WINTON GROUP Ltd now owns 4,625,995 shares of the auto manufacturer’s stock worth $55,836,000 after buying an additional 2,125,994 shares during the period. American Century Companies Inc. raised its position in 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 worth $109,758,000 after buying an additional 1,706,419 shares during the period. Karp Capital Management Corp bought a new position in Ford Motor during the first quarter worth approximately $12,602,000. Finally, Virginia Retirement Systems ET AL bought a new position in Ford Motor during the first quarter worth approximately $12,387,000. 55.23% of the stock is owned by institutional investors and hedge funds.
Ford Motor Company (F) opened at 10.77 on Friday. The firm’s 50-day moving average price is $11.24 and its 200 day moving average price is $11.60. The firm has a market capitalization of $42.78 billion, a P/E ratio of 11.34 and a beta of 1.11. Ford Motor Company has a one year low of $10.67 and a one year high of $13.27.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. During the same period last year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.57%. Ford Motor’s dividend payout ratio (DPR) is currently 63.16%.
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A number of equities analysts have commented on F shares. Zacks Investment Research upgraded Ford Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 24th. Nomura restated a “buy” rating and set a $14.80 price objective on shares of Ford Motor in a research note on Tuesday, May 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Friday, May 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Monday, May 22nd. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.60.
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 transaction of $886,864.00. Following the completion of the sale, the vice president now directly owns 10 shares in the company, valued at $110. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the sale, the insider now owns 428,411 shares of the company’s stock, valued at $4,781,066.76. 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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