Ford Motor Company (F) Holdings Cut by CNO Financial Group Inc.
CNO Financial Group Inc. lessened its holdings in Ford Motor Company (NYSE:F) by 26.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,787 shares of the auto manufacturer’s stock after selling 22,727 shares during the quarter. Ford Motor accounts for 0.2% of CNO Financial Group Inc.’s investment portfolio, making the stock its 12th largest position. CNO Financial Group Inc.’s holdings in Ford Motor were worth $725,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the business. Apriem Advisors grew its stake in Ford Motor by 252.8% in the 2nd quarter. Apriem Advisors now owns 13,826 shares of the auto manufacturer’s stock valued at $155,000 after purchasing an additional 9,907 shares during the period. Boston Private Wealth LLC grew its stake in shares of Ford Motor by 169.7% during the 2nd quarter. Boston Private Wealth LLC now owns 30,296 shares of the auto manufacturer’s stock worth $339,000 after acquiring an additional 19,063 shares during the period. Wayne Hummer Investments L.L.C. grew its stake in shares of Ford Motor by 40.9% during the 2nd quarter. Wayne Hummer Investments L.L.C. now owns 28,486 shares of the auto manufacturer’s stock worth $319,000 after acquiring an additional 8,265 shares during the period. Hourglass Capital LLC grew its stake in shares of Ford Motor by 1.0% during the 2nd quarter. Hourglass Capital LLC now owns 352,260 shares of the auto manufacturer’s stock worth $3,942,000 after acquiring an additional 3,350 shares during the period. Finally, Financial Advisors Network Inc. grew its stake in shares of Ford Motor by 1.4% during the 2nd quarter. Financial Advisors Network Inc. now owns 79,188 shares of the auto manufacturer’s stock worth $886,000 after acquiring an additional 1,090 shares during the period. Hedge funds and other institutional investors own 54.34% of the company’s stock.
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In other news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares of the company’s stock, valued at $110. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph R. Hinrichs sold 40,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 170,624 shares of company stock valued at $1,912,964. Corporate insiders own 1.08% of the company’s stock.
Shares of Ford Motor Company (F) opened at 11.56 on Friday. The stock has a market cap of $45.89 billion, a PE ratio of 12.16 and a beta of 1.12. Ford Motor Company has a 12-month low of $10.47 and a 12-month high of $13.27. The firm has a 50 day moving average price of $11.02 and a 200 day moving average price of $11.36.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, equities analysts expect that Ford Motor Company will post $1.75 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date was Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
Several research firms have recently weighed in on F. BidaskClub upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price target for the company. in a research note on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and set a $12.00 price target on shares of Ford Motor in a research note on Sunday, September 10th. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Berenberg Bank set a $10.00 price target on Ford Motor and gave the stock a “sell” rating in a research note on Monday, June 12th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.51.
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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