M Holdings Securities Inc. cut its stake in shares of Ford Motor (NYSE:F) by 62.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,212 shares of the auto manufacturer’s stock after selling 39,986 shares during the period. M Holdings Securities Inc.’s holdings in Ford Motor were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of F. Wealth Advisors of Tampa Bay LLC boosted its position in shares of Ford Motor by 1.3% in the 2nd quarter. Wealth Advisors of Tampa Bay LLC now owns 376,325 shares of the auto manufacturer’s stock worth $4,182,000 after purchasing an additional 4,766 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Ford Motor by 0.8% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 582,894 shares of the auto manufacturer’s stock worth $6,458,000 after acquiring an additional 4,800 shares during the last quarter. First Command Bank raised its stake in Ford Motor by 83.9% in the 2nd quarter. First Command Bank now owns 11,438 shares of the auto manufacturer’s stock worth $127,000 after acquiring an additional 5,219 shares during the last quarter. First Command Financial Services Inc. raised its stake in Ford Motor by 83.9% in the 2nd quarter. First Command Financial Services Inc. now owns 11,438 shares of the auto manufacturer’s stock worth $127,000 after acquiring an additional 5,219 shares during the last quarter. Finally, WealthTrust Axiom LLC raised its stake in Ford Motor by 5.0% in the 2nd quarter. WealthTrust Axiom LLC now owns 110,300 shares of the auto manufacturer’s stock worth $1,221,000 after acquiring an additional 5,300 shares during the last quarter. Institutional investors and hedge funds own 54.20% of the company’s stock.
In related news, Director John C. Lechleiter acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were acquired at an average price of $9.89 per share, with a total value of $98,900.00. Following the completion of the transaction, the director now owns 45,000 shares of the company’s stock, valued at $445,050. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Steven R. Armstrong sold 13,000 shares of the company’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $9.54, for a total value of $124,020.00. Following the sale, the vice president now directly owns 94,527 shares in the company, valued at approximately $901,787.58. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by insiders.
Shares of Ford Motor stock traded down $0.17 on Friday, hitting $8.64. 59,274,467 shares of the company were exchanged, compared to its average volume of 42,794,145. The stock has a market cap of $36.75 billion, a P/E ratio of 4.85, a P/E/G ratio of 1.26 and a beta of 0.86. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.21 and a quick ratio of 1.08. Ford Motor has a 1-year low of $8.55 and a 1-year high of $13.48.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 25th. The auto manufacturer reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). The firm had revenue of $35.90 billion for the quarter, compared to analysts’ expectations of $35.63 billion. Ford Motor had a net margin of 4.27% and a return on equity of 17.43%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. As a group, research analysts expect that Ford Motor will post 1.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, October 23rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.94%. The ex-dividend date is Monday, October 22nd. Ford Motor’s payout ratio is presently 33.71%.
A number of equities analysts have weighed in on F shares. Citigroup reduced their price objective on Ford Motor from $10.50 to $9.90 and set a “neutral” rating for the company in a research note on Monday, September 10th. Guggenheim reiterated a “hold” rating and set a $11.50 price objective on shares of Ford Motor in a research note on Friday, July 27th. Buckingham Research dropped their target price on Ford Motor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, July 26th. Nomura set a $9.00 target price on Ford Motor and gave the company a “hold” rating in a research report on Tuesday, August 14th. Finally, Royal Bank of Canada restated a “hold” rating and set a $11.50 target price on shares of Ford Motor in a research report on Thursday, July 26th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Ford Motor currently has an average rating of “Hold” and an average price target of $12.11.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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