Hermes Investment Management Ltd. Has $16.72 Million Position in Ford Motor Company (NYSE:F)
Hermes Investment Management Ltd. boosted its position in shares of Ford Motor Company (NYSE:F) by 14.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,494,453 shares of the auto manufacturer’s stock after buying an additional 189,512 shares during the period. Hermes Investment Management Ltd.’s holdings in Ford Motor were worth $16,723,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Advisor Partners LLC raised its stake in Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock worth $362,000 after buying an additional 1,840 shares during the period. Mathes Company Inc. bought a new stake in Ford Motor during the second quarter worth about $571,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock worth $6,805,000 after buying an additional 333,821 shares during the period. Acadian Asset Management LLC raised its stake in Ford Motor by 130.3% in the first quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock worth $450,000 after buying an additional 21,879 shares during the period. Finally, Camelot Portfolios LLC raised its stake in Ford Motor by 16.0% in the first quarter. Camelot Portfolios LLC now owns 248,731 shares of the auto manufacturer’s stock worth $2,895,000 after buying an additional 34,317 shares during the period. 55.23% of the stock is owned by institutional investors.
Shares of Ford Motor Company (F) traded up 0.412% on Tuesday, hitting $10.965. The company’s stock had a trading volume of 10,268,240 shares. The firm has a market cap of $43.55 billion, a price-to-earnings ratio of 11.542 and a beta of 1.11. The stock’s 50-day moving average price is $11.31 and its 200-day moving average price is $11.67. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $13.27.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. Equities analysts expect that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.
The business also recently announced 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. This represents a $0.60 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is currently 63.16%.
A number of research firms have recently issued reports on F. Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a research report on Friday, May 5th. Jefferies Group LLC reissued a “hold” rating and issued a $12.00 price target on shares of Ford Motor in a research report on Monday, May 22nd. Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the stock a “sell” rating in a research report on Monday, June 12th. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price target for the company. in a research report on Tuesday, July 4th. Finally, ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $13.11.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the sale, the insider now directly owns 428,411 shares in the company, valued at approximately $4,781,066.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the sale, the vice president now owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
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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