Ford Motor Co. (F) Position Cut by Hancock Holding Co.
Hancock Holding Co. lowered its position in shares of Ford Motor Co. (NYSE:F) by 2.8% during the second quarter, Holdings Channel reports. The institutional investor owned 18,000 shares of the auto manufacturer’s stock after selling 510 shares during the period. Hancock Holding Co.’s holdings in Ford Motor were worth $226,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. State Street Corp raised its position in shares of Ford Motor by 0.9% in the first quarter. State Street Corp now owns 153,679,968 shares of the auto manufacturer’s stock worth $2,074,690,000 after buying an additional 1,431,699 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Ford Motor by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 104,765,891 shares of the auto manufacturer’s stock worth $1,414,340,000 after buying an additional 1,615,938 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Ford Motor by 5.2% in the first quarter. Franklin Resources Inc. now owns 75,325,238 shares of the auto manufacturer’s stock worth $1,016,891,000 after buying an additional 3,749,925 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Ford Motor by 0.4% in the first quarter. BlackRock Fund Advisors now owns 44,366,975 shares of the auto manufacturer’s stock worth $598,954,000 after buying an additional 188,690 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Ford Motor by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 34,862,832 shares of the auto manufacturer’s stock worth $438,231,000 after buying an additional 953,271 shares during the last quarter. 56.06% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Co. (NYSE:F) traded up 1.32% during midday trading on Thursday, reaching $12.25. 10,006,575 shares of the company’s stock traded hands. The company has a market capitalization of $48.67 billion, a PE ratio of 5.78 and a beta of 1.30. The firm’s 50 day moving average price is $12.35 and its 200-day moving average price is $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 data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Zacks’ 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 firm earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. During the same quarter in the previous year, the business posted $0.47 earnings per share. Ford Motor’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts expect that Ford Motor Co. will post $1.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th were issued a $0.15 dividend. The ex-dividend date was Tuesday, July 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.96%. Ford Motor’s payout ratio is 29.27%.
F has been the subject of several recent research reports. Vetr lowered Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 price target for the company. in a research report on Thursday, July 21st. Barclays PLC restated an “equal weight” rating and set a $13.00 target price (down previously from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Rodman & Renshaw began coverage on Ford Motor in a research report on Monday, July 18th. They set a “buy” rating for the company. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Finally, TheStreet upgraded Ford Motor to a “buy” rating in a research report on Thursday, May 26th. Five investment 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’s stock. Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $14.07.
In other news, Director John C. Lechleiter acquired 5,000 shares of Ford Motor stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $306,500. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by 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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