Alpine Global Management LLC Has $112,000 Stake in Ford Motor Company (F)
Alpine Global Management LLC lowered its position in Ford Motor Company (NYSE:F) by 53.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the auto manufacturer’s stock after selling 11,546 shares during the period. Alpine Global Management LLC’s holdings in Ford Motor were worth $112,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of F. Balentine LLC boosted its stake in Ford Motor by 2.6% in the 1st quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 231 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Ford Motor in the 2nd quarter worth approximately $106,000. Archford Capital Strategies LLC boosted its stake in Ford Motor by 7.8% in the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after purchasing an additional 676 shares in the last quarter. Reilly Financial Advisors LLC boosted its stake in Ford Motor by 1.5% in the 2nd quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 150 shares in the last quarter. Finally, Kelman Lazarov Inc. acquired a new stake in Ford Motor in the 2nd quarter worth approximately $116,000. 54.33% of the stock is currently owned by hedge funds and other institutional investors.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of Ford Motor 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 sale, the vice president now owns 10 shares in the company, valued at approximately $110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven R. Armstrong sold 22,076 shares of Ford Motor stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is currently owned by company insiders.
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Shares of Ford Motor Company (F) opened at 12.27 on Wednesday. The stock’s 50 day moving average is $11.74 and its 200-day moving average is $11.30. The stock has a market cap of $48.73 billion, a price-to-earnings ratio of 12.92 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.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS 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 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 quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. Equities analysts anticipate that Ford Motor Company will post $1.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s dividend payout ratio is presently 63.16%.
A number of analysts recently commented on the stock. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price for the company. in a research note on Tuesday, July 4th. Guggenheim assumed coverage on shares of Ford Motor in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $13.00 target price for the company. Buckingham Research reiterated a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a research note on Thursday, August 24th. Royal Bank Of Canada reiterated a “buy” rating on shares of Ford Motor in a research note on Tuesday, August 15th. Finally, FIG Partners reiterated a “hold” rating on shares of Ford Motor in a research note on Monday, October 9th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.44.
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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