GW Henssler & Associates Ltd. Acquires Shares of 10,500 Ford Motor Co. (F)
GW Henssler & Associates Ltd. acquired a new position in Ford Motor Co. (NYSE:F) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,500 shares of the auto manufacturer’s stock, valued at approximately $132,000.
Several other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted 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 valued at $2,074,690,000 after buying an additional 1,431,699 shares during the last quarter. Geode Capital Management LLC boosted its position 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 valued at $454,713,000 after buying an additional 1,114,524 shares during the last quarter. Legal & General Group Plc boosted its position 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 valued at $253,250,000 after buying an additional 597,065 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position 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 valued at $78,821,000 after buying an additional 72,800 shares during the last quarter. Finally, Natixis boosted its position in shares of 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. 56.06% of the stock is currently owned by institutional investors.
Ford Motor Co. (NYSE:F) traded down 0.25% during mid-day trading on Monday, hitting $11.88. 19,872,932 shares of the stock were exchanged. The company has a 50-day moving average of $12.25 and a 200-day moving average of $12.86. The stock has a market capitalization of $47.20 billion, a PE ratio of 5.60 and a beta of 1.27. Ford Motor Co. has a 52 week low of $11.02 and a 52 week high of $15.84.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 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 business had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $36.29 billion. During the same period in the prior year, the company posted $0.47 earnings per share. The firm’s quarterly revenue 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 announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, October 25th. This represents a $0.60 dividend on an annualized basis and a yield of 5.05%. Ford Motor’s dividend payout ratio is currently 29.27%.
Several equities analysts recently weighed in on the stock. Jefferies Group reaffirmed a “sell” rating on shares of Ford Motor in a research report on Sunday, September 4th. Tigress Financial reaffirmed a “buy” rating on shares of Ford Motor in a research report on Tuesday, June 21st. Vetr cut shares of Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 price target on the stock. in a research report on Thursday, July 21st. Barclays PLC reaffirmed an “equal weight” rating and issued a $12.00 price target (down previously from $13.00) on shares of Ford Motor in a research report on Tuesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $14.00 price target on shares of Ford Motor in a research report on Wednesday, August 17th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Ford Motor presently has an average rating of “Hold” and a consensus target price of $14.06.
In other news, Director John C. Lechleiter acquired 5,000 shares of Ford Motor stock in a transaction dated Monday, August 8th. The stock was purchased at an average cost of $12.26 per share, with a total value of $61,300.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at approximately $306,500. The transaction was disclosed in a document filed 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 transaction of $993,020.00. Following the completion of the sale, the insider now directly owns 32,969 shares of the company’s stock, valued at $399,254.59. The disclosure for this sale can be found here. 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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