Gotham Asset Management LLC Boosts Position in Ford Motor Company (F)
Gotham Asset Management LLC increased its position in shares of Ford Motor Company (NYSE:F) by 3,919.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,258,477 shares of the auto manufacturer’s stock after buying an additional 1,227,168 shares during the period. Gotham Asset Management LLC’s holdings in Ford Motor were worth $14,649,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Argent Trust Co boosted its stake in shares of Ford Motor by 0.3% in the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock worth $131,000 after buying an additional 30 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Ford Motor by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 15,078 shares of the auto manufacturer’s stock worth $176,000 after buying an additional 123 shares during the last quarter. Rockland Trust Co. boosted its stake in shares of Ford Motor by 0.4% in the first quarter. Rockland Trust Co. now owns 41,051 shares of the auto manufacturer’s stock worth $478,000 after buying an additional 159 shares during the last quarter. Hanson McClain Inc. boosted its stake in shares of Ford Motor by 0.6% in the first quarter. Hanson McClain Inc. now owns 27,656 shares of the auto manufacturer’s stock worth $322,000 after buying an additional 164 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Ford Motor by 1.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,520 shares of the auto manufacturer’s stock worth $231,000 after buying an additional 196 shares during the last quarter. 55.23% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Company (NYSE:F) traded up 0.09% during trading on Monday, hitting $10.96. 3,756,916 shares of the company traded hands. The company’s 50 day moving average is $11.31 and its 200-day moving average is $11.67. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $13.27. The stock has a market capitalization of $43.53 billion, a PE ratio of 11.54 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, beating the Zacks’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Analysts predict that Ford Motor Company will post $1.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend 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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A number of brokerages recently commented on F. Jefferies Group LLC restated a “neutral” rating on shares of Ford Motor in a research note on Monday. Nomura cut shares of Ford Motor to a “hold” rating in a research note on Saturday. Zacks Investment Research upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $13.11.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the sale, the insider now owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the 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 completion of the sale, the vice president now directly owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
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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