Victory Capital Management Inc. lessened its holdings in shares of Ford Motor Company (NYSE:F) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,403 shares of the auto manufacturer’s stock after selling 4,315 shares during the quarter. Victory Capital Management Inc.’s holdings in Ford Motor were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Balentine LLC raised its holdings in shares of Ford Motor by 2.6% during the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after acquiring an additional 231 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in shares of Ford Motor by 7.8% during the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after acquiring an additional 676 shares in the last quarter. Reilly Financial Advisors LLC raised its holdings in shares of Ford Motor by 1.5% during the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after acquiring an additional 150 shares in the last quarter. FNY Managed Accounts LLC raised its holdings in shares of Ford Motor by 0.3% during the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after acquiring an additional 34 shares in the last quarter. Finally, Kelman Lazarov Inc. bought a new position in shares of Ford Motor during the second quarter valued at approximately $116,000. Institutional investors own 54.34% of the company’s stock.
In other Ford Motor 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 sale, the vice president now owns 10 shares in the company, valued at approximately $110. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hau N. Thai-Tang sold 25,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total value of $287,500.00. Following the sale, the insider now owns 76,358 shares in the company, valued at approximately $878,117. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 170,624 shares of company stock worth $1,912,964. 1.08% of the stock is owned by company insiders.
Shares of Ford Motor Company (F) opened at 11.62 on Friday. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27. The stock has a market capitalization of $46.15 billion, a PE ratio of 12.23 and a beta of 1.12. The company’s 50 day moving average price is $11.03 and its 200 day moving average price is $11.35.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Ford Motor Company will post $1.75 EPS for the current year.
The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.16%. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
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A number of brokerages recently commented on F. BidaskClub downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and set a $12.00 target price on shares of Ford Motor in a report on Sunday, September 10th. Nomura restated a “neutral” rating and set a $11.60 target price (down previously from $14.00) on shares of Ford Motor in a report on Friday, August 4th. Instinet downgraded Ford Motor from a “buy” rating to a “neutral” rating and decreased their target price for the company from $14.80 to $11.60 in a report on Wednesday, August 9th. Finally, Berenberg Bank set a $10.00 target price on Ford Motor and gave the company a “sell” rating in a report on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. Ford Motor has a consensus rating of “Hold” and a consensus target price of $12.51.
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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