Pzena Investment Management LLC raised its position in Ford Motor Company (NYSE:F) by 38.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,812,718 shares of the auto manufacturer’s stock after purchasing an additional 6,611,425 shares during the quarter. Ford Motor accounts for approximately 1.5% of Pzena Investment Management LLC’s portfolio, making the stock its 28th largest position. Pzena Investment Management LLC owned about 0.61% of Ford Motor worth $266,464,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Argent Trust Co raised its position in Ford Motor by 0.3% in the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock valued at $131,000 after purchasing an additional 30 shares during the period. JFS Wealth Advisors LLC raised its position in Ford Motor by 0.3% in the second quarter. JFS Wealth Advisors LLC now owns 10,997 shares of the auto manufacturer’s stock valued at $123,000 after purchasing an additional 33 shares during the period. FNY Managed Accounts LLC raised its position in 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 purchasing an additional 34 shares during the period. Donaldson Capital Management LLC raised its position in Ford Motor by 0.3% in the second quarter. Donaldson Capital Management LLC now owns 13,851 shares of the auto manufacturer’s stock valued at $155,000 after purchasing an additional 43 shares during the period. Finally, Gainplan LLC raised its position in Ford Motor by 0.4% in the second quarter. Gainplan LLC now owns 11,072 shares of the auto manufacturer’s stock valued at $124,000 after purchasing an additional 45 shares during the period. 54.34% of the stock is currently owned by institutional investors.
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In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now directly owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. Insiders have sold a total of 170,624 shares of company stock worth $1,912,964 in the last ninety days. 1.08% of the stock is currently owned by insiders.
F has been the topic of a number of research analyst reports. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 target price on the stock. in a research report on Wednesday, May 31st. Bank of America Corporation reissued a “buy” rating and issued a $12.50 target price (down previously from $14.00) on shares of Ford Motor in a research report on Friday, June 16th. Piper Jaffray Companies reissued a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Finally, BidaskClub raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued 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 an average price target of $12.51.
Ford Motor Company (NYSE:F) opened at 11.56 on Friday. The firm has a market cap of $45.89 billion, a P/E ratio of 12.16 and a beta of 1.12. Ford Motor Company has a 1-year low of $10.47 and a 1-year high of $13.27. The firm has a 50-day moving average of $11.02 and a 200 day moving average of $11.36.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Ford Motor Company will post $1.75 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.19%. The ex-dividend date was Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
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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