Candriam Luxembourg S.C.A. boosted its position in Ford Motor Co. (NYSE:F) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 279,206 shares of the auto manufacturer’s stock after buying an additional 9,807 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Ford Motor were worth $3,510,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the company. Acrospire Investment Management LLC purchased a new stake in Ford Motor during the first quarter worth $104,000. Lazard Asset Management LLC raised its stake 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 during the period. Financial Architects Inc raised its stake 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 during the period. Community Bank N.A. raised its stake 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 during the period. Finally, Leavell Investment Management Inc. raised its stake 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 during the period. 56.06% of the stock is currently owned by institutional investors.
Ford Motor Co. (NYSE:F) traded up 0.84% on Friday, reaching $12.07. 34,903,811 shares of the company’s stock were exchanged. Ford Motor Co. has a 1-year low of $11.02 and a 1-year high of $15.84. The firm has a 50-day moving average price of $12.32 and a 200-day moving average price of $12.94. The company has a market capitalization of $47.96 billion, a P/E ratio of 5.69 and a beta of 1.30.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. The company earned $39.50 million during the quarter, compared to the consensus estimate of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Equities research analysts expect that Ford Motor Co. will post $1.82 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, July 26th. This represents a $0.60 annualized dividend and a yield of 4.97%. Ford Motor’s payout ratio is 29.27%.
A number of brokerages have recently commented on F. Goldman Sachs Group Inc. set a $15.00 target price on shares of Ford Motor and gave the stock a “buy” rating in a research report on Thursday, July 7th. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.45 target price on the stock. in a research report on Monday, July 4th. Tigress Financial reaffirmed a “buy” rating on shares of Ford Motor in a research report on Tuesday, June 21st. Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, June 21st. Finally, Rodman & Renshaw began coverage on shares of Ford Motor in a research note on Monday, July 18th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.07.
In other Ford Motor news, Director John C. Lechleiter bought 5,000 shares of the stock in a transaction on Monday, August 8th. The stock was purchased at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at $306,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, 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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