FDx Advisors Inc. lowered its holdings in shares of Ford Motor Company (NYSE:F) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,309 shares of the company’s stock after selling 7,400 shares during the quarter. FDx Advisors Inc.’s holdings in Ford Motor were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Bridgewater Associates LP bought a new position in Ford Motor in the 1st quarter worth $2,342,000. Mathes Company Inc. bought a new position in Ford Motor in the 2nd quarter worth $571,000. CWA Asset Management Group LLC bought a new position in Ford Motor in the 1st quarter worth $122,000. Schwab Charles Investment Management Inc. raised its holdings in Ford Motor by 8.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,616,542 shares of the company’s stock worth $163,560,000 after acquiring an additional 1,193,656 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its holdings in Ford Motor by 10.0% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 348,886 shares of the company’s stock worth $3,904,000 after acquiring an additional 31,715 shares during the period. Institutional investors and hedge funds own 54.31% of the company’s stock.
Several research analysts recently commented on the stock. Standpoint Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. FIG Partners reiterated a “hold” rating on shares of Ford Motor in a report on Monday, October 9th. TheStreet upgraded shares of Ford Motor from a “c+” rating to a “b-” rating in a report on Thursday, October 5th. Vetr upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $13.34 target price on the stock in a report on Wednesday, October 4th. Finally, Barclays PLC downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $12.12 to $14.00 in a report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$12.63.
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In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of C$12.00, for a total value of C$300,000.00. Following the completion of the transaction, the insider now directly owns 51,358 shares of the company’s stock, valued at C$616,296. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven R. Armstrong sold 22,076 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of C$12.37, for a total transaction of C$273,080.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,076 shares of company stock worth $1,599,180. Company insiders own 1.08% of the company’s stock.
Ford Motor Company (NYSE:F) traded up C$0.09 during trading hours on Monday, reaching C$12.10. 4,914,211 shares of the company’s stock were exchanged, compared to its average volume of 37,940,605. The firm has a market capitalization of $47,707.35, a price-to-earnings ratio of 7.15, a PEG ratio of 0.62 and a beta of 1.24. Ford Motor Company has a 52-week low of C$10.47 and a 52-week high of C$13.27. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.08 and a current ratio of 1.19.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 26th. The company reported C$0.43 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.33 by C$0.10. The firm had revenue of C$33.65 billion for the quarter, compared to analyst estimates of C$32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. analysts expect that Ford Motor Company will post 1.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders 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 yield of 4.96%. Ford Motor’s dividend payout ratio (DPR) is presently 54.55%.
Ford Motor 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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