Ford Motor Company (F) Stake Raised by Archford Capital Strategies LLC
Archford Capital Strategies LLC increased its position in Ford Motor Company (NYSE:F) by 7.8% during the first quarter, Holdings Channel reports. The institutional investor owned 9,361 shares of the auto manufacturer’s stock after buying an additional 676 shares during the period. Archford Capital Strategies LLC’s holdings in Ford Motor were worth $109,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of F. BlackRock Inc. increased its stake in shares of Ford Motor by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock worth $2,665,619,000 after buying an additional 221,597,419 shares during the last quarter. Vanguard Group Inc. increased its stake 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 last quarter. Morgan Stanley increased its stake 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 last quarter. State Street Corp increased its stake 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 last quarter. Finally, Geode Capital Management LLC increased its stake 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 last quarter. 55.23% of the stock is currently owned by institutional investors.
Shares of Ford Motor Company (NYSE:F) traded up 0.1560% during trading on Friday, hitting $10.7868. The stock had a trading volume of 10,589,676 shares. The company has a market cap of $42.84 billion, a PE ratio of 11.3545 and a beta of 1.11. Ford Motor Company has a 12 month low of $10.67 and a 12 month high of $13.27. The stock has a 50 day moving average of $11.25 and a 200 day moving average of $11.61. Ford Motor also was the target of unusually large options trading activity on Tuesday. Stock traders purchased 16,478 put options on the stock. This is an increase of 112% compared to the typical volume of 7,783 put options.
Ford Motor (NYSE:F) last released 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. The business had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS. Equities analysts forecast 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. Stockholders of record on Monday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.57%. Ford Motor’s dividend payout ratio (DPR) is currently 63.16%.
F has been the subject of several recent research reports. Nomura restated a “buy” rating and set a $14.80 price objective on shares of Ford Motor in a report on Tuesday, May 2nd. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Royal Bank Of Canada restated a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday, May 5th. Finally, Wolfe Research initiated coverage on Ford Motor in a report on Tuesday, June 13th. They set a “market perform” rating for the company. Three equities 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 stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.60.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the business’s 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 completion of the sale, the insider now directly owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the business’s 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 of the company’s stock, valued at $110. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by insiders.
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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