Summit Securities Group LLC raised its holdings in shares of Ford Motor Company (NYSE:F) by 86.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,900 shares of the auto manufacturer’s stock after purchasing an additional 15,280 shares during the period. Summit Securities Group LLC’s holdings in Ford Motor were worth $394,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in F. Bridgewater Associates LP bought a new stake in Ford Motor in the 1st quarter valued at $2,342,000. Mathes Company Inc. purchased a new position in Ford Motor during the second quarter valued at $571,000. CWA Asset Management Group LLC purchased a new position in Ford Motor during the first quarter valued at $122,000. AE Wealth Management LLC lifted its holdings in Ford Motor by 37.5% during the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after purchasing an additional 46,598 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in Ford Motor by 133.0% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after purchasing an additional 333,821 shares in the last quarter. 54.22% of the stock is owned by institutional investors and hedge funds.
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A number of brokerages have recently commented on F. Buckingham Research reiterated a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a research report on Thursday, August 24th. Zacks Investment Research cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Royal Bank Of Canada reiterated a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Jefferies Group LLC increased their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Monday. Finally, Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.60 target price for the company in a research report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.63.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. The firm had revenue of $33.65 billion during the quarter, compared to the consensus estimate of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors 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 yield of 4.84%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is presently 54.55%.
In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $12.00, for a total value of $300,000.00. Following the completion of the transaction, the insider now owns 51,358 shares in the company, valued at approximately $616,296. The transaction 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 company’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 value of $273,080.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,076 shares of company stock valued at $1,599,180. Corporate insiders own 1.08% of the company’s stock.
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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