Court Place Advisors LLC Boosts Position in Ford Motor Co. (F)
Court Place Advisors LLC raised its stake in shares of Ford Motor Co. (NYSE:F) by 14.3% during the second quarter, Holdings Channel reports. The fund owned 27,099 shares of the auto manufacturer’s stock after buying an additional 3,380 shares during the period. Court Place Advisors LLC’s holdings in Ford Motor were worth $341,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. NN Investment Partners Holdings N.V. purchased a new stake in Ford Motor during the first quarter valued at about $95,992,000. Natixis raised its stake in Ford Motor by 1,101.7% in the first quarter. Natixis now owns 4,883,711 shares of the auto manufacturer’s stock valued at $65,930,000 after buying an additional 4,477,314 shares during the last quarter. Cornerstone Investment Partners LLC raised its stake in Ford Motor by 2,505.4% in the second quarter. Cornerstone Investment Partners LLC now owns 4,637,695 shares of the auto manufacturer’s stock valued at $58,296,000 after buying an additional 4,459,691 shares during the last quarter. Douglas Lane & Associates LLC purchased a new stake in Ford Motor during the first quarter valued at about $52,981,000. Finally, Franklin Resources Inc. raised its stake in Ford Motor by 5.2% in the first quarter. Franklin Resources Inc. now owns 75,325,238 shares of the auto manufacturer’s stock valued at $1,016,891,000 after buying an additional 3,749,925 shares during the last quarter. 56.06% of the stock is currently owned by institutional investors.
Shares of Ford Motor Co. (NYSE:F) traded up 0.74% during trading on Thursday, reaching $12.18. 36,136,234 shares of the company’s stock traded hands. The company has a market capitalization of $48.39 billion, a price-to-earnings ratio of 5.75 and a beta of 1.30. The stock has a 50-day moving average of $12.35 and a 200-day moving average of $13.00. Ford Motor Co. has a 1-year low of $11.02 and a 1-year high of $15.84.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The business earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. During the same period last year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts predict that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend was Tuesday, July 26th. Ford Motor’s dividend payout ratio (DPR) is presently 29.27%.
F has been the topic of several recent analyst reports. TheStreet raised shares of Ford Motor to a “buy” rating in a research note on Thursday, May 26th. Barclays PLC reissued an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research note on Friday, May 27th. Vetr raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.04 target price on the stock in a research note on Monday, May 30th. Citigroup Inc. reissued a “buy” rating on shares of Ford Motor in a research note on Tuesday, May 31st. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Ford Motor in a research note on Wednesday, June 1st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $14.07.
In other news, Director John C. Lechleiter acquired 5,000 shares of Ford Motor stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of $12.26 per share, with a total value of $61,300.00. Following the completion of the purchase, the director now owns 25,000 shares of the company’s stock, valued at approximately $306,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.
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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