Argyle Capital Management Inc. boosted its position in Ford Motor Company (NYSE:F) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 153,200 shares of the auto manufacturer’s stock after buying an additional 6,000 shares during the quarter. Argyle Capital Management Inc.’s holdings in Ford Motor were worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC increased its position in Ford Motor by 0.3% in the second quarter. JFS Wealth Advisors LLC now owns 10,997 shares of the auto manufacturer’s stock worth $123,000 after buying an additional 33 shares during the last quarter. FNY Managed Accounts LLC increased its position in Ford Motor by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock worth $120,000 after buying an additional 34 shares during the last quarter. Donaldson Capital Management LLC increased its position in Ford Motor by 0.3% in the second quarter. Donaldson Capital Management LLC now owns 13,851 shares of the auto manufacturer’s stock worth $155,000 after buying an additional 43 shares during the last quarter. Gainplan LLC increased its position in Ford Motor by 0.4% in the second quarter. Gainplan LLC now owns 11,072 shares of the auto manufacturer’s stock worth $124,000 after buying an additional 45 shares during the last quarter. Finally, Berson & Corrado Investment Advisors LLC increased its position in Ford Motor by 0.5% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 14,270 shares of the auto manufacturer’s stock worth $160,000 after buying an additional 70 shares during the last quarter. 54.22% of the stock is owned by institutional investors and hedge funds.
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Shares of Ford Motor Company (NYSE F) traded down 0.58% on Monday, reaching $11.99. The company had a trading volume of 9,006,812 shares. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $13.27. The firm has a market capitalization of $47.62 billion, a price-to-earnings ratio of 12.62 and a beta of 1.12. The stock’s 50 day moving average is $11.99 and its 200 day moving average is $11.36.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The company had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same period in the prior year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts anticipate that Ford Motor Company will post $1.76 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is presently 54.55%.
In other news, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total transaction of $273,080.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the firm’s 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 transaction, the vice president now directly owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 217,700 shares of company stock worth $2,486,044. Corporate insiders own 1.08% of the company’s stock.
A number of equities analysts have recently commented on F shares. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price target for the company. in a report on Monday, September 4th. Berenberg Bank set a $10.00 price target on Ford Motor and gave the stock a “sell” rating in a report on Monday, August 14th. Barclays PLC lowered Ford Motor from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $12.12 to $14.00 in a report on Friday, October 13th. BidaskClub raised Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Standpoint Research raised Ford Motor from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.50.
Ford Motor 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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