W. E. Donoghue & Co. LLC acquired a new position in shares of Ford Motor Company (NYSE:F) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,440,421 shares of the auto manufacturer’s stock, valued at approximately $16,118,000. Ford Motor comprises 1.8% of W. E. Donoghue & Co. LLC’s investment portfolio, making the stock its 24th largest holding.
Other institutional investors have also recently added to or reduced their stakes in the company. Bridgewater Associates LP acquired a new position in shares of Ford Motor during the 1st quarter worth about $2,342,000. Mathes Company Inc. acquired a new position in shares of Ford Motor during the 2nd quarter worth about $571,000. CWA Asset Management Group LLC acquired a new position in shares of Ford Motor during the 1st quarter worth about $122,000. AE Wealth Management LLC increased its stake in shares of Ford Motor by 37.5% during the 1st quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock worth $1,990,000 after purchasing an additional 46,598 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of Ford Motor by 133.0% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock worth $6,805,000 after purchasing an additional 333,821 shares during the last quarter. Institutional investors own 54.33% of the company’s stock.
Several research firms have recently weighed in on F. BidaskClub lowered shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and set a $13.00 price objective on shares of Ford Motor in a research note on Monday, September 18th. Piper Jaffray Companies restated a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a research note on Friday, July 28th. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price objective on the stock. in a research note on Monday, September 4th. Finally, Instinet lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $14.80 to $11.60 in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $12.44.
In other news, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. Insiders sold 217,700 shares of company stock valued at $2,486,044 over the last 90 days. 1.08% of the stock is owned by company insiders.
Shares of Ford Motor Company (NYSE F) opened at 12.10 on Friday. The stock’s 50 day moving average is $11.90 and its 200-day moving average is $11.33. The company has a market cap of $48.06 billion, a P/E ratio of 12.74 and a beta of 1.12. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. During the same period last year, the business earned $0.52 earnings per share. Ford Motor’s revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that Ford Motor Company will post $1.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be given a $0.15 dividend. The ex-dividend date is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.96%. Ford Motor’s dividend payout ratio (DPR) is currently 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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