FTB Advisors Inc. Has $321,000 Position in Ford Motor Co. (F)
FTB Advisors Inc. lowered its stake in shares of Ford Motor Co. (NYSE:F) by 8.9% during the second quarter, Holdings Channel reports. The fund owned 25,528 shares of the auto manufacturer’s stock after selling 2,491 shares during the period. FTB Advisors Inc.’s holdings in Ford Motor were worth $321,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp increased its stake 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. Geode Capital Management LLC increased its stake in shares of Ford Motor by 3.4% in the first quarter. Geode Capital Management LLC now owns 33,746,016 shares of the auto manufacturer’s stock worth $454,713,000 after buying an additional 1,114,524 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Ford Motor by 3.3% in the first quarter. Legal & General Group Plc now owns 18,761,433 shares of the auto manufacturer’s stock worth $253,250,000 after buying an additional 597,065 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Ford Motor by 0.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,545,898 shares of the auto manufacturer’s stock worth $145,132,000 after buying an additional 52,329 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Ford Motor by 1.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,838,615 shares of the auto manufacturer’s stock worth $78,821,000 after buying an additional 72,800 shares during the last quarter. Institutional investors own 56.05% of the company’s stock.
Ford Motor Co. (NYSE:F) traded up 0.126% during trading on Friday, hitting $11.925. The stock had a trading volume of 17,359,860 shares. The stock’s 50-day moving average is $12.27 and its 200-day moving average is $12.87. Ford Motor Co. has a 52-week low of $11.02 and a 52-week high of $15.84. The stock has a market capitalization of $47.38 billion, a PE ratio of 5.625 and a beta of 1.27.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $36.29 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Ford Motor Co. will post $1.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.04%. The ex-dividend date is Tuesday, October 25th. Ford Motor’s dividend payout ratio (DPR) is presently 29.27%.
A number of brokerages have recently issued reports on F. Jefferies Group reissued a “sell” rating on shares of Ford Motor in a report on Sunday, September 4th. Tigress Financial reissued a “buy” rating on shares of Ford Motor in a report on Tuesday, June 21st. Vetr downgraded shares of Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 price target on the stock. in a report on Thursday, July 21st. Barclays PLC reaffirmed an “equal weight” rating and issued a $12.00 target price (down from $13.00) on shares of Ford Motor in a research note on Tuesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Wednesday, August 17th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Ford Motor has an average rating of “Hold” and a consensus target price of $14.06.
In other news, Director John C. Lechleiter purchased 5,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 25,000 shares of the company’s stock, valued at $306,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sankar S. Nair sold 82,000 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the transaction, the insider now directly owns 32,969 shares in the company, valued at approximately $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is 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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