Ford Motor Co. (F) Stake Lowered by Chemung Canal Trust Co.
Chemung Canal Trust Co. reduced its position in Ford Motor Co. (NYSE:F) by 73.1% during the second quarter, Holdings Channel reports. The institutional investor owned 43,993 shares of the auto manufacturer’s stock after selling 119,393 shares during the period. Chemung Canal Trust Co.’s holdings in Ford Motor were worth $553,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of F. Lazard Asset Management LLC boosted its position 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 Ford Motor by 232.5% in the second quarter. Financial Architects Inc now owns 9,863 shares of the auto manufacturer’s stock worth $124,000 after buying an additional 6,897 shares during the last quarter. Community Bank N.A. boosted its stake in Ford Motor by 3.0% in the second quarter. Community Bank N.A. now owns 10,215 shares of the auto manufacturer’s stock worth $128,000 after buying an additional 300 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new stake in Ford Motor during the second quarter worth approximately $132,000. Finally, Eads & Heald Investment Counsel acquired a new stake in Ford Motor during the second quarter worth approximately $132,000. Institutional investors own 56.06% of the company’s stock.
Ford Motor Co. (NYSE:F) traded down 0.7719% during trading on Tuesday, hitting $11.7883. The stock had a trading volume of 22,971,229 shares. The stock has a market cap of $46.84 billion, a price-to-earnings ratio of 5.5605 and a beta of 1.27. The stock has a 50 day moving average price of $12.24 and a 200-day moving average price of $12.84. Ford Motor Co. has a 12 month low of $11.02 and a 12 month high of $15.84.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.08. The company earned $39.50 million during the quarter, compared to the consensus estimate of $36.29 billion. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. Ford Motor’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. On average, equities analysts predict that Ford Motor Co. will post $1.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Tuesday, October 25th. Ford Motor’s payout ratio is 29.27%.
A number of equities research analysts have recently commented on F shares. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, June 21st. Tigress Financial reissued a “buy” rating on shares of Ford Motor in a report on Tuesday, June 21st. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price objective for the company in a report on Monday, June 27th. Goldman Sachs Group Inc. set a $15.00 price objective on Ford Motor and gave the stock a “buy” rating in a report on Thursday, July 7th. Finally, Rodman & Renshaw started coverage on Ford Motor in a report on Monday, July 18th. They issued a “buy” rating for the company. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $14.06.
In related news, insider Sankar S. Nair sold 82,000 shares of the firm’s stock in a transaction that occurred 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 approximately $399,254.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were acquired 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 disclosure for this purchase can be found here. 1.10% of the stock is 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.
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Co. (NYSE:F).
Receive News & Ratings for Ford Motor Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Co. and related companies with MarketBeat.com's FREE daily email newsletter.