Carlton Hofferkamp & Jenks Wealth Management LLC Cuts Stake in Ford Motor Company (F)

Carlton Hofferkamp & Jenks Wealth Management LLC cut its position in Ford Motor Company (NYSE:F) by 19.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,737 shares of the auto manufacturer’s stock after selling 3,921 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Ford Motor were worth $176,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bridgewater Associates LP bought a new position in shares of Ford Motor during the first quarter worth approximately $2,342,000. Advisor Partners LLC boosted its position in shares of Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock worth $362,000 after buying an additional 1,840 shares during the period. AE Wealth Management LLC boosted its position in shares of Ford Motor by 37.5% in the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock worth $1,990,000 after buying an additional 46,598 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Ford Motor during the first quarter worth approximately $122,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in shares of Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock worth $6,805,000 after buying an additional 333,821 shares during the period. 55.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ford Motor Company (NYSE:F) traded down 0.66% during midday trading on Friday, reaching $10.57. The company’s stock had a trading volume of 23,547,335 shares. The company has a market capitalization of $41.98 billion, a P/E ratio of 11.13 and a beta of 1.11. The stock’s 50-day moving average is $11.20 and its 200-day moving average is $11.55. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the 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 business had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. During the same period last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts expect that Ford Motor Company will post $1.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.64%. Ford Motor’s dividend payout ratio is currently 63.16%.

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A number of equities analysts have recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a report on Friday, May 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a report on Monday, May 22nd. Berenberg Bank set a $10.00 target price on Ford Motor and gave the stock a “sell” rating in a report on Monday, June 12th. Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price for the company. in a report on Tuesday, July 4th. Finally, ValuEngine cut Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. 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’s stock. Ford Motor has an average rating of “Hold” and an average target price of $12.60.

In other news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the transaction, the insider now directly owns 428,411 shares in the company, valued at $4,781,066.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the transaction, the vice president now owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. Company insiders own 1.08% of the company’s stock.

About Ford Motor

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.

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

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