Axa raised its holdings in shares of Ford Motor (NYSE:F) by 51.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 981,984 shares of the auto manufacturer’s stock after purchasing an additional 334,721 shares during the period. Axa’s holdings in Ford Motor were worth $11,754,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors bought a new stake in shares of Ford Motor in the 2nd quarter valued at about $106,000. Balentine LLC boosted 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 valued at $106,000 after buying an additional 365 shares in the last quarter. Godsey & Gibb Associates bought a new stake in shares of Ford Motor in the 2nd quarter valued at about $117,000. Brighton Jones LLC boosted its holdings in shares of Ford Motor by 40.3% in the 3rd quarter. Brighton Jones LLC now owns 19,225 shares of the auto manufacturer’s stock valued at $119,000 after buying an additional 5,518 shares in the last quarter. Finally, Affinity Wealth Management boosted its holdings in shares of Ford Motor by 892.4% in the 2nd quarter. Affinity Wealth Management now owns 107,575 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 96,735 shares in the last quarter. 53.61% of the stock is currently owned by institutional investors and hedge funds.
In other Ford Motor news, insider Steven R. Armstrong sold 10,752 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total transaction of $132,464.64. Following the completion of the transaction, the insider now directly owns 101,159 shares of the company’s stock, valued at approximately $1,246,278.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hau N. Thai-Tang sold 19,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was 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. Insiders have sold a total of 76,828 shares of company stock valued at $943,045 over the last three months. 1.08% of the stock is currently owned by insiders.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) 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 last year, the firm posted $0.26 EPS. Ford Motor’s revenue for the quarter was up .9% compared to the same quarter last year. analysts anticipate that Ford Motor will post 1.81 earnings per share for the current fiscal year.
The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Friday, October 20th. Ford Motor’s dividend payout ratio is presently 54.55%.
A number of analysts have recently weighed in on F shares. Buckingham Research restated a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a report on Thursday, August 24th. BidaskClub upgraded shares of Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. ValuEngine cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 target price for the company. in a research note on Monday, September 4th. Finally, Jefferies Group reiterated a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a research note on Sunday, September 10th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $12.56.
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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