Breton Hill Capital Ltd. Has $11.70 Million Position in Ford Motor Company (F)
Breton Hill Capital Ltd. boosted its position in shares of Ford Motor Company (NYSE:F) by 412.1% during the second quarter, Holdings Channel reports. The firm owned 1,045,401 shares of the auto manufacturer’s stock after buying an additional 841,243 shares during the period. Ford Motor makes up about 2.2% of Breton Hill Capital Ltd.’s portfolio, making the stock its 5th largest position. Breton Hill Capital Ltd.’s holdings in Ford Motor were worth $11,698,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of F. Balentine LLC boosted its position in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 231 shares during the period. Archford Capital Strategies LLC boosted its position in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after buying an additional 676 shares during the period. Reilly Financial Advisors LLC boosted its position in Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after buying an additional 150 shares during the period. Kelman Lazarov Inc. purchased a new position in Ford Motor during the second quarter worth about $116,000. Finally, GWM Advisors LLC purchased a new position in Ford Motor during the first quarter worth about $117,000. Institutional investors own 55.23% of the company’s stock.
Shares of Ford Motor Company (NYSE F) remained flat at $10.77 during trading on Friday. The company’s stock had a trading volume of 32,300,117 shares. The stock has a 50 day moving average price of $11.24 and a 200 day moving average price of $11.60. The firm has a market cap of $42.78 billion, a PE ratio of 11.34 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.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. During the same period in the prior year, the company posted $0.52 earnings per share. Ford Motor’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts anticipate 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. This represents a $0.60 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
A number of analysts recently weighed in on F shares. BidaskClub lowered shares of Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday. ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Piper Jaffray Companies reissued a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a report on Friday, July 28th. Bank of America Corporation reissued a “buy” rating and issued a $12.50 price target (down previously from $14.00) on shares of Ford Motor in a report on Friday, June 16th. Finally, Instinet lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and lowered their price target for the company from $14.80 to $11.60 in a report on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $12.60.
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 transaction of $279,000.00. Following the completion of 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 filing with the SEC, which is available at this link. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction 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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