Ford Motor Company (F) Shares Bought by OLD Mutual Customised Solutions Proprietary Ltd.

OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Ford Motor Company (NYSE:F) by 31.6% during the first quarter, Holdings Channel reports. The institutional investor owned 205,630 shares of the auto manufacturer’s stock after buying an additional 49,330 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Ford Motor were worth $2,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stock Yards Bank & Trust Co. boosted its position in shares of Ford Motor by 40.5% in the first quarter. Stock Yards Bank & Trust Co. now owns 23,833 shares of the auto manufacturer’s stock worth $278,000 after buying an additional 6,872 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Ford Motor by 24.4% in the first quarter. Koshinski Asset Management Inc. now owns 21,018 shares of the auto manufacturer’s stock worth $245,000 after buying an additional 4,120 shares during the period. National Pension Service boosted its position in shares of Ford Motor by 9.5% in the first quarter. National Pension Service now owns 2,948,618 shares of the auto manufacturer’s stock worth $34,440,000 after buying an additional 255,852 shares during the period. Carroll Financial Associates Inc. boosted its position in shares of Ford Motor by 5.3% in the first quarter. Carroll Financial Associates Inc. now owns 12,019 shares of the auto manufacturer’s stock worth $139,000 after buying an additional 603 shares during the period. Finally, Stillwater Investment Management LLC boosted its position in shares of Ford Motor by 0.9% in the first quarter. Stillwater Investment Management LLC now owns 89,462 shares of the auto manufacturer’s stock worth $1,041,000 after buying an additional 837 shares during the period. 55.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ford Motor Company (F) traded down 0.778% during midday trading on Thursday, hitting $10.835. 8,576,555 shares of the company traded hands. The company has a 50-day moving average price of $11.26 and a 200-day moving average price of $11.61. The stock has a market capitalization of $43.03 billion, a P/E ratio of 11.405 and a beta of 1.11. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $13.27. Ford Motor also saw some unusual options trading activity on Tuesday. Traders bought 16,478 put options on the company. This is an increase of approximately 112% compared to the typical volume of 7,783 put options.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. Ford Motor’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts anticipate that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.49%. Ford Motor’s payout ratio is 63.16%.

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A number of brokerages have recently issued reports on F. BidaskClub cut Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday. ValuEngine cut Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a research note on Friday, July 28th. Bank of America Corporation reaffirmed a “buy” rating and set a $12.50 price objective (down from $14.00) on shares of Ford Motor in a research note on Friday, June 16th. Finally, Instinet cut Ford Motor from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $14.80 to $11.60 in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $12.60.

In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the transaction, the insider now owns 428,411 shares in the company, valued at approximately $4,781,066.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.

Ford Motor Company 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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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