Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Ford Motor Company (NYSE:F) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,562,462 shares of the auto manufacturer’s stock after acquiring an additional 181,324 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.27% of Ford Motor worth $118,194,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Balentine LLC raised its holdings in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 231 shares during the last quarter. Archford Capital Strategies LLC raised its holdings in Ford Motor by 7.8% in the first 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. Reilly Financial Advisors LLC raised its holdings in Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after buying an additional 150 shares during the last quarter. FNY Managed Accounts LLC raised its holdings 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 worth $120,000 after buying an additional 34 shares during the last quarter. Finally, Kelman Lazarov Inc. purchased a new position in Ford Motor in the second quarter worth about $116,000. 54.34% of the stock is owned by institutional investors.
Shares of Ford Motor Company (NYSE F) opened at 11.56 on Friday. The company’s 50-day moving average is $11.02 and its 200-day moving average is $11.36. The stock 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.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts expect that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.19%. Ford Motor’s dividend payout ratio is presently 63.16%.
In other news, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares of the company’s stock, valued at $110. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $11.40, for a total value of $285,000.00. Following the transaction, the insider now directly owns 403,411 shares of the company’s stock, valued at $4,598,885.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 170,624 shares of company stock worth $1,912,964. Insiders own 1.08% of the company’s stock.
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A number of analysts have recently commented on the stock. Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the stock a “sell” rating in a research note on Monday, June 12th. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price target for the company. in a research note on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Monday, May 22nd. Guggenheim assumed coverage on shares of Ford Motor in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $13.00 price target for the company. Finally, ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. Ford Motor presently has an average rating of “Hold” and a consensus price target of $12.51.
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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