12,981 Shares in Ford Motor Company (F) Purchased by RFG Advisory Group LLC
RFG Advisory Group LLC acquired a new position in Ford Motor Company (NYSE:F) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,981 shares of the auto manufacturer’s stock, valued at approximately $144,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Argent Trust Co increased its position in Ford Motor by 0.3% in the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock worth $131,000 after purchasing an additional 30 shares during the period. JFS Wealth Advisors LLC increased its position in Ford Motor by 0.3% in the second quarter. JFS Wealth Advisors LLC now owns 10,997 shares of the auto manufacturer’s stock worth $123,000 after purchasing an additional 33 shares during the period. FNY Managed Accounts LLC increased its position in Ford Motor by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock worth $120,000 after purchasing an additional 34 shares during the period. Donaldson Capital Management LLC increased its position in Ford Motor by 0.3% in the second quarter. Donaldson Capital Management LLC now owns 13,851 shares of the auto manufacturer’s stock worth $155,000 after purchasing an additional 43 shares during the period. Finally, Gainplan LLC increased its position in Ford Motor by 0.4% in the second quarter. Gainplan LLC now owns 11,072 shares of the auto manufacturer’s stock worth $124,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 54.34% of the company’s stock.
In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total value of $287,500.00. Following the completion of the sale, the insider now owns 76,358 shares of the company’s stock, valued at $878,117. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph R. Hinrichs sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the sale, 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. Insiders sold 170,624 shares of company stock valued at $1,912,964 in the last three months. Insiders own 1.08% of the company’s stock.
F has been the subject of a number of research reports. Nomura lowered 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 stock a “sell” rating in a research report on Monday, June 12th. BidaskClub upgraded Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 target price for the company in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.51.
Shares of Ford Motor Company (NYSE:F) opened at 11.62 on Friday. The firm has a 50-day moving average price of $11.03 and a 200 day moving average price of $11.35. The company has a market cap of $46.15 billion, a PE ratio of 12.23 and a beta of 1.12. Ford Motor Company has a 1-year low of $10.47 and a 1-year high of $13.27.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, equities analysts anticipate that Ford Motor Company will post $1.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were paid a $0.15 dividend. The ex-dividend date was Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.16%. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
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Ford Motor 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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