Point72 Europe London LLP Purchases Shares of 212,000 Ford Motor Company (F)
Point72 Europe London LLP purchased a new stake in Ford Motor Company (NYSE:F) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 212,000 shares of the auto manufacturer’s stock, valued at approximately $2,468,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bridgewater Associates LP acquired a new stake in shares of Ford Motor during the first quarter valued at approximately $2,342,000. Advisor Partners LLC increased its stake in Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock valued at $362,000 after buying an additional 1,840 shares in the last quarter. AE Wealth Management LLC increased its stake in Ford Motor by 37.5% in the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after buying an additional 46,598 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after buying an additional 333,821 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Ford Motor by 130.3% in the first quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock valued at $450,000 after buying an additional 21,879 shares in 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 on Friday. 32,300,117 shares of the company were exchanged. The company has a 50 day moving average price of $11.24 and a 200-day moving average price of $11.60. 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 price-to-earnings ratio of 11.34 and a beta of 1.11.
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, beating analysts’ consensus estimates of $0.43 by $0.13. The firm had revenue of $36.93 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. Equities research analysts expect that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.
The business also recently announced 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s payout ratio is 63.16%.
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Several analysts have issued reports on F shares. Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Friday, May 5th. Nomura downgraded Ford Motor to a “hold” rating in a research report on Saturday, August 5th. 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. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 target price on the stock in a research report on Tuesday, July 25th. Finally, BidaskClub downgraded Ford Motor from a “hold” rating to a “sell” rating in a research 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 given a buy rating and one has given a strong buy rating to the company. The stock currently has an average 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 dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the sale, the insider now owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction dated 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 directly owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. 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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