Ford Motor Company (F) Stake Boosted by Sullivan Bruyette Speros & Blaney LLC
Sullivan Bruyette Speros & Blaney LLC lifted its position in shares of Ford Motor Company (NYSE:F) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,408 shares of the auto manufacturer’s stock after purchasing an additional 2,000 shares during the quarter. Sullivan Bruyette Speros & Blaney LLC’s holdings in Ford Motor were worth $351,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bridgewater Associates LP bought a new stake in Ford Motor in the 1st quarter valued at $2,342,000. Mathes Company Inc. bought a new stake in Ford Motor in the 2nd quarter valued at $571,000. CWA Asset Management Group LLC bought a new stake in Ford Motor in the 1st quarter valued at $122,000. AE Wealth Management LLC lifted its position in Ford Motor by 37.5% in the 1st quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after acquiring an additional 46,598 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in Ford Motor by 133.0% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after acquiring an additional 333,821 shares in the last quarter. 54.35% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on the stock. Berenberg Bank set a $10.00 price objective on shares of Ford Motor and gave the company a “sell” rating in a research report on Monday, June 12th. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price objective on the stock. in a research report on Tuesday, July 4th. Guggenheim assumed coverage on shares of Ford Motor in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $13.00 price objective on the stock. ValuEngine cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Buckingham Research reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Ford Motor in a research report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.46.
Ford Motor Company (NYSE F) opened at 11.72 on Friday. Ford Motor Company has a 1-year low of $10.47 and a 1-year high of $13.27. The firm has a market capitalization of $46.55 billion, a price-to-earnings ratio of 12.34 and a beta of 1.12. The stock’s 50 day moving average is $11.06 and its 200 day moving average is $11.32. Ford Motor also saw some unusual options trading activity on Wednesday. Investors bought 43,401 call options on the stock. This represents an increase of approximately 178% compared to the typical volume of 15,614 call options.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. Analysts predict that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.12%. Ford Motor’s dividend payout ratio is currently 63.16%.
In other news, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction dated 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 owns 532,435 shares in the company, valued at $6,037,812.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the sale, the vice president now owns 10 shares of the company’s stock, valued at approximately $110. The disclosure for this sale can be found here. In the last quarter, insiders sold 170,624 shares of company stock valued at $1,912,964. 1.08% of the stock is currently owned by corporate insiders.
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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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