Sawtooth Solutions LLC Has $1.37 Million Stake in Ford Motor Company (F)
Sawtooth Solutions LLC increased its stake in shares of Ford Motor Company (NYSE:F) by 8.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 122,363 shares of the auto manufacturer’s stock after acquiring an additional 9,280 shares during the period. Sawtooth Solutions LLC’s holdings in Ford Motor were worth $1,369,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Balentine LLC increased its holdings in shares of Ford Motor by 2.6% during the 1st quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after acquiring an additional 231 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in shares of Ford Motor by 7.8% during the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after acquiring an additional 676 shares during the last quarter. Reilly Financial Advisors LLC increased its holdings in shares of Ford Motor by 1.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after acquiring an additional 150 shares during the last quarter. FNY Managed Accounts LLC increased its holdings in shares of Ford Motor by 0.3% during the 1st quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after acquiring an additional 34 shares during the last quarter. Finally, Kelman Lazarov Inc. acquired a new position in shares of Ford Motor during the 2nd quarter valued at about $116,000. 54.35% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Company (NYSE F) opened at 11.84 on Friday. The company has a market cap of $47.03 billion, a P/E ratio of 12.46 and a beta of 1.12. The company’s 50 day moving average price is $11.06 and its 200 day moving average price is $11.32. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. Equities research analysts anticipate that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend was Thursday, July 20th. Ford Motor’s payout ratio is presently 63.16%.
In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the sale, the insider now directly owns 532,435 shares in the company, valued at $6,037,812.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $11.40, for a total value of $285,000.00. Following the sale, the insider now owns 403,411 shares of the company’s stock, valued at $4,598,885.40. The disclosure for this sale can be found here. Insiders have sold 170,624 shares of company stock valued at $1,912,964 over the last 90 days. Corporate insiders own 1.08% of the company’s stock.
A number of brokerages have recently commented on F. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Royal Bank Of Canada reissued a “buy” rating and set a $13.00 price objective on shares of Ford Motor in a report on Monday, September 18th. Piper Jaffray Companies reissued a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday, July 28th. Finally, Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price objective on the stock. in a report on Monday, September 4th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $12.46.
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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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