FineMark National Bank & Trust lowered its stake in shares of Ford Motor Company (NYSE:F) by 7.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 276,264 shares of the auto manufacturer’s stock after selling 20,638 shares during the period. FineMark National Bank & Trust’s holdings in Ford Motor were worth $3,307,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in F. Private Advisor Group LLC raised its stake in shares of Ford Motor by 9.4% during the 1st quarter. Private Advisor Group LLC now owns 397,052 shares of the auto manufacturer’s stock valued at $4,473,000 after buying an additional 34,110 shares during the last quarter. Delta Lloyd NV raised its stake in shares of Ford Motor by 3.6% during the 1st quarter. Delta Lloyd NV now owns 387,847 shares of the auto manufacturer’s stock valued at $4,449,000 after buying an additional 13,570 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in shares of Ford Motor by 3.8% during the 1st quarter. Peapack Gladstone Financial Corp now owns 263,400 shares of the auto manufacturer’s stock valued at $3,066,000 after buying an additional 9,625 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in shares of Ford Motor by 9.8% during the 1st quarter. Aberdeen Asset Management PLC UK now owns 4,095,622 shares of the auto manufacturer’s stock valued at $47,672,000 after buying an additional 367,122 shares during the last quarter. Finally, GWM Advisors LLC purchased a new position in shares of Ford Motor during the 1st quarter valued at about $117,000. Institutional investors and hedge funds own 54.22% of the company’s stock.
A number of equities research analysts have recently commented on F shares. Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 target price on the stock. in a research report on Monday, September 4th. Citigroup Inc. raised their target price on Ford Motor from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday. Berenberg Bank set a $10.00 target price on Ford Motor and gave the company a “sell” rating in a research report on Monday, August 14th. Morgan Stanley restated a “sell” rating and set a $10.00 target price (up from $9.00) on shares of Ford Motor in a research report on Tuesday. Finally, Barclays PLC cut Ford Motor from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $12.12 to $14.00 in a research report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.63.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, beating the consensus estimate of $0.33 by $0.10. The business had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be given a $0.15 dividend. The ex-dividend date is Friday, October 20th. This represents a $0.60 annualized dividend and a dividend yield of 4.89%. Ford Motor’s dividend payout ratio is presently 54.55%.
In related news, insider Joseph R. Hinrichs sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the sale, the insider now owns 532,435 shares in the company, valued at $6,037,812.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. Insiders sold 137,076 shares of company stock worth $1,599,180 over the last quarter. 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.
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