Ford Motor Company (F) Position Raised by 10 15 Associates Inc.
10 15 Associates Inc. increased its stake in shares of Ford Motor Company (NYSE:F) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,380 shares of the auto manufacturer’s stock after buying an additional 416 shares during the period. 10 15 Associates Inc.’s holdings in Ford Motor were worth $167,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in Ford Motor by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after buying an additional 221,597,419 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ford Motor by 2.3% in the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock worth $3,048,866,000 after buying an additional 6,013,577 shares during the period. Morgan Stanley increased its position in shares of Ford Motor by 11.5% in the first quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock worth $455,168,000 after buying an additional 4,040,717 shares during the period. State Street Corp increased its position in shares of Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock worth $1,896,009,000 after buying an additional 3,999,705 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Ford Motor by 10.8% in the first quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer’s stock worth $475,306,000 after buying an additional 3,978,850 shares during the period. 55.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ford Motor Company (F) traded down 0.778% during mid-day trading on Thursday, hitting $10.835. 8,576,555 shares of the stock traded hands. The stock has a market cap of $43.03 billion, a PE ratio of 11.405 and a beta of 1.11. The stock has a 50-day moving average of $11.26 and a 200 day moving average of $11.61. Ford Motor Company has a one year low of $10.67 and a one year high of $13.27. Ford Motor also was the recipient of unusually large options trading on Tuesday. Investors purchased 16,478 put options on the stock. This represents an increase of 112% compared to the average volume of 7,783 put options.
Ford Motor (NYSE:F) last announced its quarterly earnings data 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 return on equity of 19.69% and a net margin of 2.52%. The firm had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. During the same period last year, the business posted $0.52 earnings per share. The firm’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 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
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A number of equities analysts have commented on F shares. Nomura reaffirmed a “buy” rating and set a $14.80 target price on shares of Ford Motor in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Ford Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. ValuEngine downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of Ford Motor in a research note on Friday, May 5th. Finally, Wolfe Research started coverage on shares of Ford Motor in a research note on Tuesday, June 13th. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.60.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the sale, the insider now directly owns 428,411 shares in the company, valued at $4,781,066.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the sale, the vice president now owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. Company 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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