Crossvault Capital Management LLC acquired a new stake in Ford Motor Company (NYSE:F) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,300 shares of the auto manufacturer’s stock, valued at approximately $135,000.
A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Ford Motor by 1.0% during the second quarter. Vanguard Group Inc. now owns 264,421,059 shares of the auto manufacturer’s stock valued at $2,958,871,000 after acquiring an additional 2,491,009 shares during the last quarter. BlackRock Inc. raised its stake in shares of Ford Motor by 2.4% during the second quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock valued at $2,624,814,000 after acquiring an additional 5,562,630 shares during the last quarter. State Street Corp raised its stake in shares of Ford Motor by 2.5% during the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after acquiring an additional 3,999,705 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Ford Motor by 5.7% during the second quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock valued at $981,407,000 after acquiring an additional 4,706,379 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Ford Motor by 0.5% during the first quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock valued at $881,979,000 after acquiring an additional 391,692 shares during the last quarter. 54.22% of the stock is owned by institutional investors and hedge funds.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $33.65 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same period in the prior year, the business earned $0.26 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be issued a $0.15 dividend. The ex-dividend date is Friday, October 20th. This represents a $0.60 annualized dividend and a yield of 4.89%. Ford Motor’s dividend payout ratio (DPR) is presently 54.55%.
In other news, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total value of $287,500.00. Following the sale, the insider now directly owns 76,358 shares of the company’s stock, valued at approximately $878,117. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph R. Hinrichs sold 40,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the sale, the insider now directly owns 532,435 shares in the company, valued at $6,037,812.90. The disclosure for this sale can be found here. Insiders sold a total of 137,076 shares of company stock valued at $1,599,180 over the last 90 days. Company insiders own 1.08% of the company’s stock.
Several equities analysts have recently issued reports on F shares. Nomura downgraded shares of Ford Motor to a “hold” rating in a research note on Saturday, August 5th. BidaskClub raised shares of Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price target for the company in a research note on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ford Motor in a research note on Tuesday, August 15th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $12.00 price objective on shares of Ford Motor in a research report on Sunday, September 10th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.63.
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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