BB&T Securities LLC cut its position in shares of Ford Motor Company (NYSE:F) by 54.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,371,405 shares of the auto manufacturer’s stock after selling 1,625,511 shares during the period. BB&T Securities LLC’s holdings in Ford Motor were worth $15,346,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Balentine LLC increased its position in shares of Ford Motor by 2.6% during the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after purchasing an additional 231 shares during the period. Archford Capital Strategies LLC grew its position in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after acquiring an additional 676 shares during the period. Reilly Financial Advisors LLC grew its position in Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after acquiring an additional 150 shares during the period. Kelman Lazarov Inc. bought a new stake in Ford Motor in the second quarter valued at $116,000. Finally, GWM Advisors LLC bought a new stake in Ford Motor in the first quarter valued at $117,000. Institutional investors and hedge funds own 54.34% of the company’s stock.
A number of brokerages have weighed in on F. BidaskClub cut Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. ValuEngine cut Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Piper Jaffray Companies reiterated a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a research report on Friday, July 28th. Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price target on the stock. in a research report on Monday, September 4th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $12.50 price target (down from $14.00) on shares of Ford Motor in a research report on Friday, June 16th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.54.
In related news, insider Hau N. Thai-Tang sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the sale, the insider now owns 76,358 shares in the company, valued at approximately $878,117. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the sale, the vice president now owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,624 shares of company stock worth $1,627,964. Corporate insiders own 1.08% of the company’s stock.
Ford Motor Company (NYSE F) opened at 11.59 on Wednesday. The firm has a market cap of $46.03 billion, a price-to-earnings ratio of 12.20 and a beta of 1.12. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $13.27. The stock’s 50 day moving average price is $10.99 and its 200 day moving average price is $11.36.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The company had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same quarter last year, the company posted $0.52 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts predict that Ford Motor Company will post $1.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were paid a $0.15 dividend. The ex-dividend date was Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.18%. Ford Motor’s payout ratio is 63.16%.
About Ford Motor
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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