BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in Ford Motor Company (NYSE:F) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,855,681 shares of the auto manufacturer’s stock after selling 23,052 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Ford Motor were worth $22,213,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in F. Captrust Financial Advisors bought a new stake in shares of Ford Motor in the 2nd quarter worth $106,000. Balentine LLC increased its holdings in shares of Ford Motor by 4.0% in the 2nd quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 365 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in shares of Ford Motor by 7.8% in the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after buying an additional 676 shares during the last quarter. Kelman Lazarov Inc. purchased a new position in shares of Ford Motor in the 2nd quarter worth $116,000. Finally, Godsey & Gibb Associates purchased a new position in shares of Ford Motor in the 2nd quarter worth $117,000. 53.78% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on F shares. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price target on the stock. in a research note on Monday, September 4th. Citigroup lifted their target price on Ford Motor from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Berenberg Bank set a $10.00 target price on Ford Motor and gave the company a “sell” rating in a research report on Monday, August 14th. Morgan Stanley reiterated a “sell” rating and set a $10.00 target price (up from $9.00) on shares of Ford Motor in a research report on Tuesday, October 31st. Finally, Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $12.12 to $14.00 in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.61.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $33.65 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. equities analysts predict that Ford Motor Company will post 1.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, October 20th. This represents a $0.60 annualized dividend and a dividend yield of 4.85%. Ford Motor’s dividend payout ratio (DPR) is presently 54.55%.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was 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 owns 403,411 shares in the company, valued at $4,598,885.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Hau N. Thai-Tang sold 19,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total value of $237,500.00. The disclosure for this sale can be found here. Insiders have sold 91,076 shares of company stock valued at $1,095,580 in the last 90 days. Company 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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