Smith Salley & Associates raised its position in shares of Ford Motor Co. (NYSE:F) by 16.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,541 shares of the auto manufacturer’s stock after buying an additional 15,595 shares during the period. Smith Salley & Associates’ holdings in Ford Motor were worth $1,377,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eads & Heald Investment Counsel purchased a new stake in shares of Ford Motor during the second quarter worth about $132,000. 1ST Source Bank purchased a new stake in shares of Ford Motor during the second quarter worth about $137,000. Ausdal Financial Partners Inc. boosted its stake in shares of Ford Motor by 11.5% in the second quarter. Ausdal Financial Partners Inc. now owns 33,493 shares of the auto manufacturer’s stock worth $421,000 after buying an additional 3,464 shares during the period. Bbva Compass Bancshares Inc. boosted its stake in shares of Ford Motor by 128.3% in the second quarter. Bbva Compass Bancshares Inc. now owns 266,904 shares of the auto manufacturer’s stock worth $3,355,000 after buying an additional 150,006 shares during the period. Finally, Blue Fin Capital Inc. boosted its stake in shares of Ford Motor by 19.8% in the second quarter. Blue Fin Capital Inc. now owns 13,625 shares of the auto manufacturer’s stock worth $171,000 after buying an additional 2,250 shares during the period. Institutional investors and hedge funds own 56.06% of the company’s stock.
Ford Motor Co. (NYSE:F) traded down 0.84% during midday trading on Tuesday, hitting $11.78. The stock had a trading volume of 23,481,322 shares. The firm has a 50 day moving average price of $12.24 and a 200 day moving average price of $12.84. The stock has a market cap of $46.80 billion, a PE ratio of 5.56 and a beta of 1.27. Ford Motor Co. has a one year low of $11.02 and a one year high of $15.84.
Ford Motor (NYSE:F) last released its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. The firm earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. Equities analysts expect that Ford Motor Co. will post $1.82 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $0.60 dividend on an annualized basis and a yield of 5.05%. Ford Motor’s dividend payout ratio (DPR) is 29.27%.
F has been the subject of a number of research analyst reports. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, June 21st. Tigress Financial reissued a “buy” rating on shares of Ford Motor in a research 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 for the company in a research report on Monday, June 27th. Goldman Sachs Group Inc. set a $15.00 price objective on Ford Motor and gave the stock a “buy” rating in a research report on Thursday, July 7th. Finally, Rodman & Renshaw started coverage on Ford Motor in a research report on Monday, July 18th. They set a “buy” rating for the company. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $14.06.
In related news, Director John C. Lechleiter purchased 5,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were bought 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 owns 25,000 shares of the company’s stock, valued at $306,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sankar S. Nair sold 82,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the completion of the transaction, the insider now directly owns 32,969 shares in the company, valued at approximately $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Ford Motor Company Profile
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.
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Co. (NYSE:F).
Receive News & Ratings for Ford Motor Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Co. and related companies with MarketBeat.com's FREE daily email newsletter.