Ford Motor Co. (F) Shares Bought by ClariVest Asset Management LLC
ClariVest Asset Management LLC increased its stake in shares of Ford Motor Co. (NYSE:F) by 21.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 53,294 shares of the auto manufacturer’s stock after buying an additional 9,269 shares during the period. ClariVest Asset Management LLC’s holdings in Ford Motor were worth $670,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in F. Acrospire Investment Management LLC bought a new stake in shares of Ford Motor during the first quarter valued at approximately $104,000. Lazard Asset Management LLC boosted its stake in shares of Ford Motor by 34.9% in the first quarter. Lazard Asset Management LLC now owns 9,170 shares of the auto manufacturer’s stock valued at $123,000 after buying an additional 2,370 shares during the period. Financial Architects Inc boosted its stake in shares of Ford Motor by 232.5% in the second quarter. Financial Architects Inc now owns 9,863 shares of the auto manufacturer’s stock valued at $124,000 after buying an additional 6,897 shares during the period. Community Bank N.A. boosted its stake in shares of Ford Motor by 3.0% in the second quarter. Community Bank N.A. now owns 10,215 shares of the auto manufacturer’s stock valued at $128,000 after buying an additional 300 shares during the period. Finally, Leavell Investment Management Inc. boosted its stake in shares of Ford Motor by 3.6% in the second quarter. Leavell Investment Management Inc. now owns 10,543 shares of the auto manufacturer’s stock valued at $133,000 after buying an additional 368 shares during the period. Hedge funds and other institutional investors own 56.05% of the company’s stock.
Ford Motor Co. (NYSE:F) remained flat at $11.91 during mid-day trading on Friday. 25,775,674 shares of the company’s stock were exchanged. Ford Motor Co. has a 52 week low of $11.02 and a 52 week high of $15.84. The company has a market cap of $47.32 billion, a P/E ratio of 5.62 and a beta of 1.27. The stock has a 50-day moving average price of $12.25 and a 200 day moving average price of $12.86.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. The company earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. Ford Motor’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. Equities analysts forecast that Ford Motor Co. will post $1.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Tuesday, October 25th. Ford Motor’s dividend payout ratio (DPR) is 29.27%.
Several brokerages recently commented on F. Jefferies Group reiterated a “sell” rating on shares of Ford Motor in a research note on Sunday, September 4th. 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. Nomura began coverage on shares of Ford Motor in a research report on Tuesday, September 20th. They set a “buy” rating and a $14.00 target price for the company. Credit Agricole SA cut their target price on shares of Ford Motor from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. Finally, Deutsche Bank AG restated a “hold” rating and set a $13.00 target price on shares of Ford Motor in a research report on Friday, September 16th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $14.06.
In related news, Director John C. Lechleiter purchased 5,000 shares of the stock in a transaction on Monday, August 8th. The shares were bought at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $306,500. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sankar S. Nair sold 82,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the transaction, the insider now 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 currently owned by 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.
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