Parallel Advisors LLC raised its stake in shares of Ford Motor Company (NYSE:F) by 4.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 15,620 shares of the auto manufacturer’s stock after buying an additional 702 shares during the period. Parallel Advisors LLC’s holdings in Ford Motor were worth $173,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the stock. Argent Trust Co boosted its stake in shares of Ford Motor by 0.3% in the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock worth $131,000 after buying an additional 30 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Ford Motor by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 15,078 shares of the auto manufacturer’s stock worth $176,000 after buying an additional 123 shares during the period. Rockland Trust Co. raised its position in shares of Ford Motor by 0.4% in the first quarter. Rockland Trust Co. now owns 41,051 shares of the auto manufacturer’s stock worth $478,000 after buying an additional 159 shares during the period. Hanson McClain Inc. raised its position in shares of Ford Motor by 0.6% in the first quarter. Hanson McClain Inc. now owns 27,656 shares of the auto manufacturer’s stock worth $322,000 after buying an additional 164 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of Ford Motor by 1.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,520 shares of the auto manufacturer’s stock worth $231,000 after buying an additional 196 shares during the period. 55.38% of the stock is owned by institutional investors and hedge funds.
Ford Motor Company (F) opened at 10.56 on Friday. The firm has a 50-day moving average price of $11.19 and a 200-day moving average price of $11.53. Ford Motor Company has a 1-year low of $10.47 and a 1-year high of $13.27. The company has a market capitalization of $41.94 billion, a P/E ratio of 11.12 and a beta of 1.11.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping 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 analysts’ expectations of $37.22 billion. During the same period in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts forecast that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be issued a $0.15 dividend. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.68%. Ford Motor’s payout ratio is currently 63.16%.
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F has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Ford Motor from a “strong sell” rating to a “hold” rating in a report on Monday, April 24th. Nomura restated a “buy” rating and issued a $14.80 target price on shares of Ford Motor in a research note on Tuesday, May 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Friday, May 5th. Jefferies Group LLC restated a “hold” rating and issued a $12.00 target price 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 report on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $12.60.
In other news, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction on 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 owns 10 shares of the company’s stock, valued at approximately $110. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is owned by 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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