Ford Motor Company (NYSE:F) Shares Sold by Benin Management CORP
Benin Management CORP decreased its stake in Ford Motor Company (NYSE:F) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 44,950 shares of the auto manufacturer’s stock after selling 2,000 shares during the period. Benin Management CORP’s holdings in Ford Motor were worth $503,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in F. Breton Hill Capital Ltd. increased its stake in Ford Motor by 412.1% in the second quarter. Breton Hill Capital Ltd. now owns 1,045,401 shares of the auto manufacturer’s stock valued at $11,698,000 after buying an additional 841,243 shares during the period. Kelman Lazarov Inc. purchased a new stake in Ford Motor during the second quarter valued at $116,000. Excalibur Management Corp increased its stake in Ford Motor by 64.1% in the second quarter. Excalibur Management Corp now owns 76,075 shares of the auto manufacturer’s stock valued at $851,000 after buying an additional 29,721 shares during the last quarter. SOL Capital Management CO increased its stake in Ford Motor by 41.3% in the second quarter. SOL Capital Management CO now owns 21,200 shares of the auto manufacturer’s stock valued at $237,000 after buying an additional 6,200 shares during the last quarter. Finally, Hermes Investment Management Ltd. increased its stake in Ford Motor by 14.5% in the second quarter. Hermes Investment Management Ltd. now owns 1,494,453 shares of the auto manufacturer’s stock valued at $16,723,000 after buying an additional 189,512 shares during the last quarter. Institutional investors and hedge funds own 55.23% of the company’s stock.
Shares of Ford Motor Company (NYSE F) remained flat at $10.77 during midday trading on Friday. The stock had a trading volume of 32,300,117 shares. Ford Motor Company has a 12-month low of $10.67 and a 12-month high of $13.27. The stock has a market capitalization of $42.78 billion, a PE ratio of 11.34 and a beta of 1.11. The firm has a 50 day moving average of $11.24 and a 200 day moving average of $11.60.
Ford Motor (NYSE:F) last released 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. The firm had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. On average, equities analysts forecast that Ford Motor Company will post $1.76 earnings per share for the current year.
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.57%. Ford Motor’s dividend payout ratio is presently 63.16%.
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F has been the subject of several recent research reports. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Friday, May 5th. Nomura downgraded Ford Motor to a “hold” rating in a report on Saturday, August 5th. Berenberg Bank set a $10.00 price objective on Ford Motor and gave the company a “sell” rating in a report on Monday, June 12th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price objective for the company in a report on Tuesday, July 25th. Finally, BidaskClub downgraded Ford Motor from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.60.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 428,411 shares in the company, valued at approximately $4,781,066.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. Company 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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