Cedar Wealth Management LLC Has $175,000 Stake in Ford Motor Company (F)
Cedar Wealth Management LLC increased its position in Ford Motor Company (NYSE:F) by 46.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,620 shares of the auto manufacturer’s stock after buying an additional 4,920 shares during the period. Cedar Wealth Management LLC’s holdings in Ford Motor were worth $175,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in F. Balentine LLC raised its position in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 231 shares during the last quarter. Archford Capital Strategies LLC raised its position in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after buying an additional 676 shares during the last quarter. Reilly Financial Advisors LLC raised its position in Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after buying an additional 150 shares during the last quarter. TNB Financial acquired a new position in Ford Motor during the first quarter worth approximately $119,000. Finally, FNY Managed Accounts LLC raised its position in Ford Motor by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock worth $120,000 after buying an additional 34 shares during the last quarter. 55.23% of the stock is owned by institutional investors.
Ford Motor Company (NYSE:F) traded down 0.09% on Monday, reaching $10.94. The company’s stock had a trading volume of 7,865,741 shares. The firm has a market cap of $43.45 billion, a P/E ratio of 11.52 and a beta of 1.11. The firm’s 50 day moving average is $11.31 and its 200-day moving average is $11.67. Ford Motor Company has a 12 month low of $10.67 and a 12 month high of $13.27.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. The company had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. Ford Motor’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, equities research analysts anticipate that Ford Motor Company will post $1.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.48%. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
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A number of equities analysts have recently commented on F shares. Nomura reiterated a “buy” rating and issued a $14.80 price objective on shares of Ford Motor in a research note on Tuesday, May 2nd. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Royal Bank Of Canada restated a “buy” rating and set a $14.00 price target on shares of Ford Motor in a research note on Friday, May 5th. Finally, Wolfe Research started coverage on Ford Motor in a research note on Tuesday, June 13th. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Ford Motor has an average rating of “Hold” and a consensus target price of $13.11.
In other news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor 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 transaction, the insider now owns 428,411 shares in the company, valued at $4,781,066.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by insiders.
About Ford Motor
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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