Sowell Financial Services LLC Has $967,000 Stake in Ford Motor Company (F)
Sowell Financial Services LLC grew its position in Ford Motor Company (NYSE:F) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,309 shares of the auto manufacturer’s stock after buying an additional 8,872 shares during the period. Sowell Financial Services LLC’s holdings in Ford Motor were worth $967,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Balentine LLC boosted its position 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 worth $106,000 after purchasing an additional 231 shares during the period. Captrust Financial Advisors purchased a new position in shares of Ford Motor during the 2nd quarter worth approximately $106,000. Archford Capital Strategies LLC boosted its position 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 worth $109,000 after purchasing an additional 676 shares during the period. Reilly Financial Advisors LLC boosted its position 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 worth $110,000 after purchasing an additional 150 shares during the period. Finally, Kelman Lazarov Inc. purchased a new position in shares of Ford Motor during the 2nd quarter worth approximately $116,000. 54.31% of the stock is owned by institutional investors and hedge funds.
In related news, insider Joseph R. Hinrichs sold 40,000 shares of the firm’s 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. Insiders sold 137,076 shares of company stock valued at $1,599,180 in the last quarter. Company insiders own 1.08% of the company’s stock.
Shares of Ford Motor Company (NYSE:F) traded up $0.01 during trading hours on Friday, hitting $12.05. 17,440,000 shares of the stock traded hands, compared to its average volume of 35,320,000. The stock has a market capitalization of $47,870.00, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 0.62 and a beta of 1.25. 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 $10.47 and a 1-year high of $13.27.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.10. The business had revenue of $33.65 billion for the quarter, compared to the consensus estimate of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. sell-side analysts forecast that Ford Motor Company will post 1.81 earnings per share 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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is 54.55%.
F has been the topic of a number of research reports. Nomura lowered shares of Ford Motor to a “hold” rating in a report on Saturday, August 5th. BidaskClub upgraded shares of Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 target price on the stock in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating on shares of Ford Motor in a report on Tuesday, August 15th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $12.00 target price on shares of Ford Motor in a report on Sunday, September 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.63.
Ford Motor Company 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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