Wedbush Securities Inc. grew its holdings in shares of Ford Motor Company (NYSE:F) by 19.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 143,235 shares of the auto manufacturer’s stock after acquiring an additional 23,790 shares during the quarter. Wedbush Securities Inc.’s holdings in Ford Motor were worth $1,715,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Balentine LLC lifted its holdings in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 231 shares during the period. Archford Capital Strategies LLC lifted its holdings in shares of Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Ford Motor in the second quarter valued at $106,000. Reilly Financial Advisors LLC lifted its holdings in shares of Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after buying an additional 150 shares during the period. Finally, FNY Managed Accounts LLC lifted its holdings in shares of Ford Motor by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 34 shares during the period. Institutional investors own 54.22% of the company’s stock.
In related news, insider Steven R. Armstrong sold 22,076 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of the business’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 value of $453,600.00. Following the completion of the sale, the insider now owns 532,435 shares of the company’s stock, valued at $6,037,812.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,076 shares of company stock valued at $1,599,180. Corporate insiders own 1.08% of the company’s stock.
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Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The firm had revenue of $33.65 billion for the quarter, compared to the consensus estimate of $32.80 billion. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Friday, October 20th. Ford Motor’s dividend payout ratio is presently 54.55%.
Several brokerages have recently weighed in on F. Jefferies Group LLC upped their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “hold” rating in a report on Monday. Citigroup Inc. upped their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Monday. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Morgan Stanley restated a “sell” rating and issued a $10.00 price objective (up previously from $9.00) on shares of Ford Motor in a report on Tuesday. Finally, Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. Ford Motor has an average rating of “Hold” and a consensus price target of $12.63.
Ford Motor Company 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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