Traynor Capital Management Inc. cut its position in Ford Motor Co. (NYSE:F) by 14.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,127 shares of the auto manufacturer’s stock after selling 3,496 shares during the period. Traynor Capital Management Inc.’s holdings in Ford Motor were worth $261,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in F. Acrospire Investment Management LLC acquired a new stake in Ford Motor during the first quarter valued at approximately $104,000. Lazard Asset Management LLC increased its position in Ford Motor by 34.9% in the first quarter. Lazard Asset Management LLC now owns 9,170 shares of the auto manufacturer’s stock worth $123,000 after buying an additional 2,370 shares in the last quarter. Financial Architects Inc increased its position in Ford Motor by 232.5% in the second quarter. Financial Architects Inc now owns 9,863 shares of the auto manufacturer’s stock worth $124,000 after buying an additional 6,897 shares in the last quarter. Community Bank N.A. increased its position in Ford Motor by 3.0% in the second quarter. Community Bank N.A. now owns 10,215 shares of the auto manufacturer’s stock worth $128,000 after buying an additional 300 shares in the last quarter. Finally, Leavell Investment Management Inc. increased its position in Ford Motor by 3.6% in the second quarter. Leavell Investment Management Inc. now owns 10,543 shares of the auto manufacturer’s stock worth $133,000 after buying an additional 368 shares in the last quarter. 56.06% of the stock is currently owned by hedge funds and other institutional investors.
Ford Motor Co. (NYSE:F) traded up 0.84% during trading on Friday, reaching $12.07. The company had a trading volume of 34,903,811 shares. The firm has a market capitalization of $47.96 billion, a price-to-earnings ratio of 5.69 and a beta of 1.30. Ford Motor Co. has a 52 week low of $11.02 and a 52 week high of $15.84. The company’s 50-day moving average is $12.32 and its 200 day moving average is $12.94.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The firm had revenue of $39.50 million for the quarter, compared to analyst estimates of $36.29 billion. During the same period in the previous year, the company earned $0.47 EPS. Ford Motor’s revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Ford Motor Co. will post $1.82 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, July 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.97%. Ford Motor’s payout ratio is currently 29.27%.
A number of research analysts have weighed in on F shares. Piper Jaffray Cos. started coverage on Ford Motor in a report on Thursday, June 9th. They issued an “overweight” rating and a $17.00 target price on the stock. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, June 21st. Tigress Financial reissued a “buy” rating on shares of Ford Motor in a report on Tuesday, June 21st. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 target price on the stock in a report on Monday, June 27th. Finally, Goldman Sachs Group Inc. set a $15.00 target price on Ford Motor and gave the company a “buy” rating in a report on Thursday, July 7th. Five analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ford Motor has a consensus rating of “Hold” and a consensus price target of $14.07.
In other news, Director John C. Lechleiter bought 5,000 shares of Ford Motor stock in a transaction on Monday, August 8th. The stock was acquired at an average price of $12.26 per share, with a total value of $61,300.00. Following the completion of the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at $306,500. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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