Summit Financial Wealth Advisors LLC lessened its position in shares of Ford Motor Company (NYSE:F) by 33.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,711 shares of the company’s stock after selling 9,000 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Ford Motor were worth $212,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. JFS Wealth Advisors LLC increased its position in Ford Motor by 0.3% during the second quarter. JFS Wealth Advisors LLC now owns 10,997 shares of the company’s stock valued at $123,000 after acquiring an additional 33 shares during the last quarter. FNY Managed Accounts LLC grew its holdings in Ford Motor by 0.3% during the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the company’s stock valued at $120,000 after purchasing an additional 34 shares during the period. Donaldson Capital Management LLC grew its holdings in Ford Motor by 0.3% during the second quarter. Donaldson Capital Management LLC now owns 13,851 shares of the company’s stock valued at $155,000 after purchasing an additional 43 shares during the period. Gainplan LLC grew its holdings in Ford Motor by 0.4% during the second quarter. Gainplan LLC now owns 11,072 shares of the company’s stock valued at $124,000 after purchasing an additional 45 shares during the period. Finally, Berson & Corrado Investment Advisors LLC grew its holdings in Ford Motor by 0.5% during the second quarter. Berson & Corrado Investment Advisors LLC now owns 14,270 shares of the company’s stock valued at $160,000 after purchasing an additional 70 shares during the period. Institutional investors own 54.31% of the company’s stock.
Several research firms have issued reports on F. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating and set a $13.00 price target on shares of Ford Motor in a report on Monday, September 18th. Piper Jaffray Companies reissued a “buy” rating and set a $14.00 price target on shares of Ford Motor in a report on Friday, July 28th. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price target for the company. in a report on Monday, September 4th. Finally, Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$12.63.
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Shares of Ford Motor Company (F) traded up C$0.13 during mid-day trading on Monday, reaching C$12.14. The company’s stock had a trading volume of 9,662,442 shares, compared to its average volume of 37,940,605. Ford Motor Company has a fifty-two week low of C$10.47 and a fifty-two 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. The stock has a market capitalization of $47,707.35, a P/E ratio of 7.15, a PEG ratio of 0.62 and a beta of 1.24.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 26th. The company reported C$0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.33 by C$0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The business had revenue of C$33.65 billion for the quarter, compared to the consensus estimate of C$32.80 billion. During the same period in the prior year, the business posted $0.26 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. equities research analysts expect that Ford Motor Company will post 1.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a yield of 4.94%. Ford Motor’s dividend payout ratio (DPR) is presently 54.55%.
In other news, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of C$12.37, for a total value of C$273,080.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of C$12.00, for a total value of C$300,000.00. Following the completion of the sale, the insider now owns 51,358 shares in the company, valued at C$616,296. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,076 shares of company stock worth $1,599,180. Company insiders own 1.08% of the company’s stock.
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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