Grimes & Company Inc. boosted its stake in shares of Ford Motor Co. (NYSE:F) by 1,291.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,506 shares of the auto manufacturer’s stock after buying an additional 174,956 shares during the period. Grimes & Company Inc.’s holdings in Ford Motor were worth $2,370,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Boston Common Asset Management LLC boosted its position in Ford Motor by 0.3% in the second quarter. Boston Common Asset Management LLC now owns 24,972 shares of the auto manufacturer’s stock valued at $314,000 after buying an additional 65 shares during the last quarter. Barry Investment Advisors LLC boosted its position in Ford Motor by 0.7% in the second quarter. Barry Investment Advisors LLC now owns 14,217 shares of the auto manufacturer’s stock valued at $179,000 after buying an additional 95 shares during the last quarter. Nicolet Bankshares Inc. boosted its position in Ford Motor by 0.4% in the first quarter. Nicolet Bankshares Inc. now owns 23,404 shares of the auto manufacturer’s stock valued at $316,000 after buying an additional 100 shares during the last quarter. Cypress Asset Management Inc. TX boosted its position in Ford Motor by 0.7% in the second quarter. Cypress Asset Management Inc. TX now owns 13,550 shares of the auto manufacturer’s stock valued at $170,000 after buying an additional 100 shares during the last quarter. Finally, Washington Trust Bank boosted its position in Ford Motor by 1.0% in the second quarter. Washington Trust Bank now owns 20,661 shares of the auto manufacturer’s stock valued at $260,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 56.06% of the company’s stock.

Shares of Ford Motor Co. (NYSE:F) traded up 0.74% on Thursday, hitting $12.18. 36,136,234 shares of the stock were exchanged. Ford Motor Co. has a 52-week low of $11.02 and a 52-week high of $15.84. The company’s 50 day moving average is $12.35 and its 200-day moving average is $13.00. The stock has a market cap of $48.39 billion, a PE ratio of 5.75 and a beta of 1.30.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) 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 analysts’ expectations of $36.29 billion. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts predict that Ford Motor Co. will post $1.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, July 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Tuesday, July 26th. Ford Motor’s dividend payout ratio is currently 29.27%.

F has been the subject of several research analyst reports. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 target price for the company in a research note on Monday, June 27th. Piper Jaffray Cos. began coverage on shares of Ford Motor in a research note on Thursday, June 9th. They issued an “overweight” rating and a $17.00 price objective for the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Ford Motor in a research note on Monday, September 12th. Rodman & Renshaw began coverage on shares of Ford Motor in a research note on Monday, July 18th. They issued a “buy” rating for the company. Finally, Seaport Global Securities began coverage on shares of Ford Motor in a research note on Tuesday, August 9th. They issued a “buy” rating and a $20.00 price objective for the company. Five analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently 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 the company’s stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average price of $12.26 per share, with a total value of $61,300.00. Following the completion of the acquisition, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Ford Motor Company Profile

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.

5 Day Chart for NYSE:F

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