Ameriprise Financial Inc. Raises Stake in Ford Motor Company (F)
Ameriprise Financial Inc. lifted its position in Ford Motor Company (NYSE:F) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,813,977 shares of the auto manufacturer’s stock after acquiring an additional 142,028 shares during the quarter. Ameriprise Financial Inc. owned 0.12% of Ford Motor worth $57,644,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of F. BlackRock Inc. raised its stake in Ford Motor by 2,991.4% during the 1st quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after acquiring an additional 221,597,419 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Ford Motor by 38.4% in the 2nd quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the auto manufacturer’s stock worth $266,464,000 after buying an additional 6,611,425 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Ford Motor by 5.7% in the 2nd quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after buying an additional 4,706,379 shares in the last quarter. Morgan Stanley raised its stake in shares of Ford Motor by 11.5% in the 1st quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock worth $455,168,000 after buying an additional 4,040,717 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Ford Motor by 2.5% in the 1st quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock worth $1,896,009,000 after buying an additional 3,999,705 shares in the last quarter. Institutional investors own 53.78% of the company’s stock.
In other news, insider Steven R. Armstrong sold 22,076 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total value of $273,080.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total value of $287,500.00. Following the completion of the sale, the insider now owns 76,358 shares in the company, valued at $878,117. The disclosure for this sale can be found here. Insiders have sold a total of 137,076 shares of company stock valued at $1,599,180 in the last three months. 1.08% of the stock is owned by insiders.
F has been the topic of a number of recent research reports. Nomura restated a “neutral” rating and issued a $11.60 target price (down from $14.00) on shares of Ford Motor in a report on Friday, August 4th. Jefferies Group reiterated a “neutral” rating on shares of Ford Motor in a report on Monday, August 7th. Instinet downgraded Ford Motor from a “buy” rating to a “neutral” rating and lowered their price target for the company from $14.80 to $11.60 in a report on Wednesday, August 9th. BidaskClub downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, Berenberg Bank set a $10.00 price target on Ford Motor and gave the company a “sell” rating in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $12.63.
Ford Motor Company (NYSE:F) traded up $0.06 during midday trading on Thursday, hitting $12.62. The company had a trading volume of 4,855,796 shares, compared to its average volume of 37,601,629. Ford Motor Company has a fifty-two week low of $10.47 and a fifty-two week high of $13.27. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94. The firm has a market cap of $48,501.81, a PE ratio of 7.27, a PEG ratio of 0.63 and a beta of 1.24.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The business had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. The firm’s revenue was up .9% compared to the same quarter last year. sell-side analysts predict that Ford Motor Company will post 1.81 earnings per share for the current fiscal year.
The firm 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. The ex-dividend date of this dividend is Friday, October 20th. This represents a $0.60 annualized dividend and a dividend yield of 4.75%. Ford Motor’s dividend payout ratio is presently 54.55%.
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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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