Harwood Advisory Group LLC cut its position in Ford Motor Company (NYSE:F) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,849 shares of the auto manufacturer’s stock after selling 7 shares during the period. Harwood Advisory Group LLC’s holdings in Ford Motor were worth $323,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Vident Investment Advisory LLC increased its stake in shares of Ford Motor by 0.4% in the fourth quarter. Vident Investment Advisory LLC now owns 184,544 shares of the auto manufacturer’s stock worth $2,239,000 after buying an additional 812 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Ford Motor during the fourth quarter worth about $251,000. Norges Bank purchased a new stake in shares of Ford Motor during the fourth quarter worth about $277,396,000. Sowell Financial Services LLC purchased a new stake in shares of Ford Motor during the fourth quarter worth about $746,000. Finally, SNS Financial Group LLC purchased a new stake in shares of Ford Motor during the fourth quarter worth about $258,000. Hedge funds and other institutional investors own 55.23% of the company’s stock.
Ford Motor Company (NYSE F) remained flat at $10.77 during midday trading on Friday. The stock had a trading volume of 32,300,117 shares. The firm has a market capitalization of $42.78 billion, a price-to-earnings ratio of 11.34 and a beta of 1.11. The stock has a 50 day moving average price of $11.24 and a 200-day moving average price of $11.60. Ford Motor Company has a 12 month low of $10.67 and a 12 month high of $13.27. Ford Motor also saw some unusual options trading activity on Tuesday. Traders bought 16,478 put options on the company. This is an increase of approximately 112% compared to the typical volume of 7,783 put options.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the Zacks’ 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 company had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. During the same quarter in the prior year, the company posted $0.52 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts forecast that Ford Motor Company will post $1.76 EPS for the current 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 63.16%.
F has been the topic of a number of recent analyst reports. Vetr downgraded shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price target on the stock. in a report on Wednesday, May 31st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Monday, May 15th. Nomura reaffirmed a “buy” rating and set a $14.80 price objective on shares of Ford Motor in a report on Tuesday, May 2nd. Bank of America Corporation reaffirmed a “buy” rating and set a $12.50 price objective (down from $14.00) on shares of Ford Motor in a report on Friday, June 16th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given 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 price target of $12.60.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now directly owns 10 shares of the company’s stock, valued at approximately $110. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
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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