Financial Counselors Inc. decreased its position in shares of Ford Motor Company (NYSE:F) by 16.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 486,992 shares of the auto manufacturer’s stock after selling 95,563 shares during the period. Financial Counselors Inc.’s holdings in Ford Motor were worth $5,829,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC grew its stake in shares of Ford Motor by 38.4% in the second quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the auto manufacturer’s stock worth $266,464,000 after purchasing an additional 6,611,425 shares during the last quarter. BlackRock Inc. grew its stake in shares of Ford Motor by 2.4% in the second quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock worth $2,624,814,000 after purchasing an additional 5,562,630 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Ford Motor by 5.7% in the second quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after purchasing an additional 4,706,379 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Ford Motor by 18.3% in the second quarter. Capital Research Global Investors now owns 23,655,000 shares of the auto manufacturer’s stock worth $264,699,000 after purchasing an additional 3,655,000 shares during the last quarter. Finally, PGGM Investments grew its stake in shares of Ford Motor by 109.9% in the third quarter. PGGM Investments now owns 5,128,425 shares of the auto manufacturer’s stock worth $61,387,000 after purchasing an additional 2,685,000 shares during the last quarter. Institutional investors and hedge funds own 53.78% of the company’s stock.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $11.40, for a total transaction of $285,000.00. Following the completion of the sale, the insider now directly owns 403,411 shares in the company, valued at approximately $4,598,885.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Hau N. Thai-Tang sold 19,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $12.50, for a total transaction of $237,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,076 shares of company stock valued at $1,383,080. 1.08% of the stock is owned by company insiders.
Ford Motor (NYSE:F) last announced its quarterly earnings data 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. 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 analyst estimates of $32.80 billion. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. equities research analysts predict that Ford Motor Company will post 1.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, October 23rd were issued a $0.15 dividend. The ex-dividend date was Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a yield of 4.78%. Ford Motor’s payout ratio is currently 54.55%.
F has been the topic of several recent analyst reports. Jefferies Group reissued a “neutral” rating on shares of Ford Motor in a research note on Monday, August 7th. Instinet cut Ford Motor from a “buy” rating to a “neutral” rating and cut their target price for the stock from $14.80 to $11.60 in a research note on Wednesday, August 9th. BidaskClub cut Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Berenberg Bank set a $10.00 price objective on Ford Motor and gave the company a “sell” rating in a research report on Monday, August 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.61.
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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