Daiwa Securities Group Inc. Has $1.68 Million Holdings in Ford Motor Company (F)
Daiwa Securities Group Inc. raised its stake in shares of Ford Motor Company (NYSE:F) by 5.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 140,412 shares of the company’s stock after purchasing an additional 6,739 shares during the period. Daiwa Securities Group Inc.’s holdings in Ford Motor were worth $1,680,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Balentine LLC boosted its stake in Ford Motor by 2.6% during the 1st quarter. Balentine LLC now owns 9,097 shares of the company’s stock valued at $106,000 after purchasing an additional 231 shares during the last quarter. Captrust Financial Advisors acquired a new position in Ford Motor during the 2nd quarter valued at about $106,000. Archford Capital Strategies LLC boosted its stake in Ford Motor by 7.8% during the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the company’s stock valued at $109,000 after purchasing an additional 676 shares during the last quarter. Reilly Financial Advisors LLC boosted its stake in Ford Motor by 1.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the company’s stock valued at $110,000 after purchasing an additional 150 shares during the last quarter. Finally, Kelman Lazarov Inc. acquired a new position in Ford Motor during the 2nd quarter valued at about $116,000. Institutional investors and hedge funds own 54.20% of the company’s stock.
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A number of brokerages have recently weighed in on F. Nomura downgraded Ford Motor to a “hold” rating in a research note on Saturday, August 5th. BidaskClub upgraded Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 target price on the stock in a research note on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating on shares of Ford Motor in a research note on Tuesday, August 15th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a research note on Sunday, September 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company’s stock. Ford Motor presently has an average rating of “Hold” and an average price target of C$12.63.
Shares of Ford Motor Company (F) opened at C$12.01 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.08 and a debt-to-equity ratio of 2.94. Ford Motor Company has a 1-year low of C$10.47 and a 1-year high of C$13.27. The stock has a market cap of $47,707.35, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 26th. The company reported C$0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.33 by C$0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The business had revenue of C$33.65 billion for the quarter, compared to analysts’ expectations of C$32.80 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. equities research analysts forecast that Ford Motor Company will post 1.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.00%. Ford Motor’s payout ratio is 54.55%.
In other news, insider Steven R. Armstrong sold 22,076 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of C$12.37, for a total value of C$273,080.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 C$11.34, for a total transaction of C$453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares in the company, valued at approximately C$6,037,812.90. The disclosure for this sale can be found here. Insiders have sold a total of 137,076 shares of company stock worth $1,599,180 in the last three months. Insiders own 1.08% of the company’s stock.
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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