Rockefeller Financial Services Inc. cut its position in shares of Ford Motor Company (NYSE:F) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 913,626 shares of the auto manufacturer’s stock after selling 2,363 shares during the period. Rockefeller Financial Services Inc.’s holdings in Ford Motor were worth $10,223,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Balentine LLC raised its position in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 231 shares in the last quarter. Archford Capital Strategies LLC raised its stake in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares during the period. Puplava Financial Services Inc. bought a new stake in Ford Motor during the first quarter valued at approximately $116,000. GWM Advisors LLC bought a new stake in Ford Motor during the first quarter valued at approximately $117,000. Finally, TNB Financial bought a new stake in Ford Motor during the first quarter valued at approximately $119,000. Institutional investors own 55.38% of the company’s stock.
Shares of Ford Motor Company (NYSE:F) traded down 0.75% during trading on Friday, reaching $10.56. The company had a trading volume of 43,998,743 shares. The firm has a market capitalization of $41.94 billion, a P/E ratio of 11.12 and a beta of 1.11. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27. The firm’s 50 day moving average price is $11.19 and its 200 day moving average price is $11.53.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $37.22 billion. During the same quarter in the prior year, the company earned $0.52 EPS. Ford Motor’s revenue was down .5% on a year-over-year basis. Equities analysts predict that Ford Motor Company will post $1.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders 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 5.68%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio is presently 63.16%.
Several research firms recently commented on F. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ford Motor in a report on Tuesday. Berenberg Bank set a $10.00 target price on Ford Motor and gave the stock a “sell” rating in a report on Monday, August 14th. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Instinet lowered Ford Motor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.80 to $11.60 in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “neutral” rating on shares of Ford Motor in a report on Monday, August 7th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $12.60.
In related news, VP John T. Lawler sold 80,624 shares of the 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 directly owns 10 shares of the company’s stock, valued at approximately $110. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $11.16, for a total value 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 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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