FNY Managed Accounts LLC Has $120,000 Position in Ford Motor Company (F)
FNY Managed Accounts LLC raised its stake in shares of Ford Motor Company (NYSE:F) by 0.3% during the first quarter, Holdings Channel reports. The institutional investor owned 10,339 shares of the auto manufacturer’s stock after buying an additional 34 shares during the period. FNY Managed Accounts LLC’s holdings in Ford Motor were worth $120,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Argent Trust Co raised 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 valued at $131,000 after buying an additional 30 shares in the last quarter. Guardian Life Insurance Co. of America raised 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 valued at $176,000 after buying an additional 123 shares in the last quarter. Rockland Trust Co. raised 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 valued at $478,000 after buying an additional 159 shares in the last quarter. Hanson McClain Inc. raised 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 valued at $322,000 after buying an additional 164 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised 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 valued at $231,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 55.23% of the company’s stock.
Ford Motor Company (NYSE:F) traded up 0.1560% during midday trading on Friday, hitting $10.7868. 10,589,682 shares of the stock traded hands. Ford Motor Company has a one year low of $10.67 and a one year high of $13.27. The company’s 50 day moving average is $11.25 and its 200-day moving average is $11.61. The company has a market cap of $42.84 billion, a P/E ratio of 11.3545 and a beta of 1.11. Ford Motor also was the target of unusually large options trading activity on Tuesday. Stock investors purchased 16,478 put options on the company. This represents an increase of 112% compared to the average volume of 7,783 put options.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business posted $0.52 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts forecast that Ford Motor Company will post $1.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be paid 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 5.57%. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
Several analysts have recently commented on the company. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday. Royal Bank Of Canada reiterated a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday, May 5th. Jefferies Group LLC reissued a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a research report on Monday, May 22nd. Berenberg Bank set a $10.00 target price on Ford Motor and gave the company a “sell” rating in a research report on Monday, June 12th. Finally, Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price on the stock. in a research report on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.60.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was 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 disclosure for this sale can be found here. 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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