CX Institutional decreased its position in shares of Ford Motor (NYSE:F) by 40.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,389 shares of the auto manufacturer’s stock after selling 2,929 shares during the quarter. CX Institutional’s holdings in Ford Motor were worth $40,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Ford Motor by 14.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,032,860 shares of the auto manufacturer’s stock worth $10,547,000 after buying an additional 133,135 shares in the last quarter. Financial Advisors Network Inc. raised its position in shares of Ford Motor by 4.3% during the 2nd quarter. Financial Advisors Network Inc. now owns 159,764 shares of the auto manufacturer’s stock valued at $1,523,000 after acquiring an additional 6,531 shares during the last quarter. Claro Advisors LLC bought a new stake in shares of Ford Motor during the 2nd quarter valued at $329,000. Anchor Bolt Capital LP bought a new stake in shares of Ford Motor during the 2nd quarter valued at $4,676,000. Finally, Investment Partners LTD. bought a new stake in shares of Ford Motor during the 2nd quarter valued at $175,000. 53.78% of the stock is currently owned by hedge funds and other institutional investors.
F opened at $8.78 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 2.86. Ford Motor has a 12 month low of $7.41 and a 12 month high of $10.56. The company has a fifty day simple moving average of $9.07 and a 200 day simple moving average of $9.58. The stock has a market cap of $34.15 billion, a P/E ratio of 6.34, a P/E/G ratio of 0.93 and a beta of 1.10.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, October 22nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.83%. Ford Motor’s dividend payout ratio is currently 46.15%.
In related news, CEO James P. Hackett sold 20,000 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.54, for a total value of $170,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman William Clay Ford, Jr. acquired 840,962 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $9.51 per share, with a total value of $7,997,548.62. Following the transaction, the chairman now owns 1,100,617 shares in the company, valued at $10,466,867.67. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 145,000 shares of company stock valued at $1,355,250. 0.83% of the stock is owned by corporate insiders.
Several analysts have commented on F shares. Buckingham Research dropped their target price on shares of Ford Motor from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Royal Bank of Canada reiterated a “neutral” rating and set a $10.50 target price on shares of Ford Motor in a research report on Thursday, July 25th. TheStreet cut shares of Ford Motor from a “b-” rating to a “c” rating in a research report on Friday, July 26th. Morgan Stanley set a $12.00 target price on shares of Ford Motor and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Bank of America cut shares of Ford Motor to a “buy” rating and set a $13.00 target price for the company. in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Ford Motor has an average rating of “Hold” and a consensus target price of $10.30.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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