Ford Motor Company (F) Position Cut by Washington Trust Bank
Washington Trust Bank lowered its position in shares of Ford Motor Company (NYSE:F) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,651 shares of the auto manufacturer’s stock after selling 2,710 shares during the period. Washington Trust Bank’s holdings in Ford Motor were worth $309,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in F. Balentine LLC raised its position in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 231 shares in the last quarter. Archford Capital Strategies LLC raised its position in shares of Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares in the last quarter. Reilly Financial Advisors LLC raised its position in shares of Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after buying an additional 150 shares in the last quarter. Puplava Financial Services Inc. purchased a new position in shares of Ford Motor during the first quarter valued at about $116,000. Finally, TNB Financial purchased a new position in shares of Ford Motor during the first quarter valued at about $119,000. 55.40% of the stock is owned by institutional investors and hedge funds.
Ford Motor Company (NYSE F) traded up 0.18% during trading on Friday, hitting $10.95. The stock had a trading volume of 29,267,609 shares. The firm has a 50 day moving average of $11.31 and a 200-day moving average of $11.67. Ford Motor Company has a 12 month low of $10.67 and a 12 month high of $13.27. The stock has a market cap of $43.49 billion, a price-to-earnings ratio of 11.53 and a beta of 1.11.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same period in the previous year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that Ford Motor Company will post $1.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.48%. The ex-dividend date is Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 63.16%.
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Several brokerages have recently issued reports on F. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Piper Jaffray Companies reissued a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Friday, July 28th. Bank of America Corporation reissued a “buy” rating and issued a $12.50 target price (down previously from $14.00) on shares of Ford Motor in a research report on Friday, June 16th. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.60 target price for the company in a research report on Thursday, July 6th. Finally, Wolfe Research began coverage on Ford Motor in a research report on Tuesday, June 13th. They issued a “market perform” rating for the company. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $13.11.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the sale, the insider now directly owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now directly owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by insiders.
Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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