Nwam LLC raised its holdings in shares of Ford Motor Company (NYSE:F) by 18.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,306 shares of the auto manufacturer’s stock after purchasing an additional 7,032 shares during the period. Nwam LLC’s holdings in Ford Motor were worth $542,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of F. Stifel Financial Corp raised its holdings in Ford Motor by 9.3% in the 1st quarter. Stifel Financial Corp now owns 1,173,913 shares of the auto manufacturer’s stock worth $13,640,000 after purchasing an additional 99,920 shares during the period. Glenview Trust Co raised its holdings in Ford Motor by 44.9% during the first quarter. Glenview Trust Co now owns 17,957 shares of the auto manufacturer’s stock valued at $209,000 after acquiring an additional 5,563 shares during the period. Clinton Group Inc. raised its holdings in Ford Motor by 5.0% during the first quarter. Clinton Group Inc. now owns 1,398,019 shares of the auto manufacturer’s stock valued at $16,273,000 after acquiring an additional 66,661 shares during the period. Wayne Hummer Investments L.L.C. raised its holdings in Ford Motor by 85.3% during the first quarter. Wayne Hummer Investments L.L.C. now owns 20,221 shares of the auto manufacturer’s stock valued at $235,000 after acquiring an additional 9,310 shares during the period. Finally, Atlantic Trust Group LLC raised its holdings in Ford Motor by 1.4% during the first quarter. Atlantic Trust Group LLC now owns 29,654 shares of the auto manufacturer’s stock valued at $345,000 after acquiring an additional 409 shares during the period. Institutional investors and hedge funds own 54.20% of the company’s stock.
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F has been the topic of a number of recent analyst reports. Zacks Investment Research cut Ford Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price objective for the company in a research report on Tuesday, July 25th. Piper Jaffray Companies restated a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Friday, July 28th. BidaskClub lowered Ford Motor from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Nomura reiterated a “neutral” rating and issued a $11.60 price target (down previously from $14.00) on shares of Ford Motor in a research report on Friday, August 4th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and an average target price of $12.63.
In other news, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,076 shares of company stock valued at $1,599,180. 1.08% of the stock is owned by corporate insiders.
Ford Motor Company (F) traded down $0.04 on Monday, hitting $12.32. 7,764,098 shares of the company traded hands, compared to its average volume of 37,705,460. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.08 and a current ratio of 1.19. The firm has a market cap of $49,097.65, a P/E ratio of 7.36, a PEG ratio of 0.64 and a beta of 1.24.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter in the prior year, the company earned $0.26 EPS. Ford Motor’s revenue was up .9% compared to the same quarter last year. sell-side analysts expect that Ford Motor Company will post 1.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 23rd will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, October 20th. This represents a $0.60 annualized dividend and a yield of 4.87%. Ford Motor’s dividend payout ratio is presently 54.55%.
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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