Crossmark Global Holdings Inc. bought a new position in shares of Ford Motor Company (NYSE:F) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 356,192 shares of the auto manufacturer’s stock, valued at approximately $4,264,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. JFS Wealth Advisors LLC boosted its holdings in Ford Motor by 0.3% during 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 boosted its holdings in Ford Motor by 0.3% during 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 boosted its holdings in Ford Motor by 0.3% during 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 boosted its holdings in Ford Motor by 0.4% during 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 boosted its holdings in Ford Motor by 0.5% during 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. Hedge funds and other institutional investors own 54.22% of the company’s stock.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The company had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same quarter last year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis.
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 issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.83%. Ford Motor’s dividend payout ratio is presently 54.55%.
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A number of brokerages have issued reports on F. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday. Morgan Stanley restated a “sell” rating and set a $10.00 target price (up previously from $9.00) on shares of Ford Motor in a report on Tuesday. Goldman Sachs Group, Inc. (The) restated a “hold” rating on shares of Ford Motor in a report on Monday. Citigroup Inc. raised their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Jefferies Group LLC lifted their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “hold” rating in a report on Monday. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $12.63.
In related news, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total transaction of $453,600.00. Following the sale, the insider now directly owns 532,435 shares in the company, valued at $6,037,812.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven R. Armstrong sold 22,076 shares of Ford Motor stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total value 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 in the last 90 days. Corporate 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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