Gabelli Funds LLC cut its stake in Ford Motor Company (NYSE:F) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,000 shares of the auto manufacturer’s stock after selling 10,000 shares during the period. Gabelli Funds LLC’s holdings in Ford Motor were worth $1,975,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Bridgewater Associates LP purchased a new position in shares of Ford Motor during the 1st quarter valued at approximately $2,342,000. Mathes Company Inc. purchased a new position in shares of Ford Motor during the 2nd quarter valued at approximately $571,000. CWA Asset Management Group LLC purchased a new position in shares of Ford Motor during the 1st quarter valued at approximately $122,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Ford Motor by 8.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,616,542 shares of the auto manufacturer’s stock valued at $163,560,000 after purchasing an additional 1,193,656 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its holdings in shares of Ford Motor by 10.0% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 348,886 shares of the auto manufacturer’s stock valued at $3,904,000 after purchasing an additional 31,715 shares in the last quarter. Institutional investors own 54.31% of the company’s stock.
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F has been the subject of several recent analyst reports. Vetr lowered shares of 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. Citigroup Inc. boosted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the stock a “sell” rating in a report on Monday, August 14th. Morgan Stanley reissued a “sell” rating and issued a $10.00 price target (up previously from $9.00) on shares of Ford Motor in a report on Tuesday, October 31st. Finally, Barclays PLC lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and upped 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 given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.63.
Shares of Ford Motor Company (NYSE:F) opened at $12.16 on Tuesday. 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 Company has a one year low of $10.47 and a one year high of $13.27. The firm has a market cap of $47,707.35, a P/E ratio of 7.15, a P/E/G ratio of 0.62 and a beta of 1.24.
Ford Motor (NYSE:F) last released its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The firm had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same period in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. analysts predict that Ford Motor Company will post 1.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $0.60 annualized dividend and a yield of 4.93%. Ford Motor’s dividend payout ratio is currently 54.55%.
In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total value of $453,600.00. Following the transaction, the insider now directly owns 532,435 shares in the company, valued at $6,037,812.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $11.40, for a total value of $285,000.00. Following the completion of the sale, 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. Insiders sold 137,076 shares of company stock worth $1,599,180 over the last quarter. 1.08% of the stock is currently owned by insiders.
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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