Ford Motor (F) Shares Sold by Glen Harbor Capital Management LLC
Glen Harbor Capital Management LLC reduced its holdings in Ford Motor (NYSE:F) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 536,312 shares of the auto manufacturer’s stock after selling 6,888 shares during the quarter. Glen Harbor Capital Management LLC’s holdings in Ford Motor were worth $5,937,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Ford Motor by 13.2% in the 1st quarter. BlackRock Inc. now owns 262,412,220 shares of the auto manufacturer’s stock worth $2,907,527,000 after purchasing an additional 30,645,741 shares in the last quarter. Greenhaven Associates Inc. boosted its holdings in shares of Ford Motor by 124.0% in the 2nd quarter. Greenhaven Associates Inc. now owns 32,722,548 shares of the auto manufacturer’s stock worth $362,239,000 after purchasing an additional 18,114,045 shares in the last quarter. Becker Capital Management Inc. boosted its holdings in shares of Ford Motor by 13,914.0% in the 1st quarter. Becker Capital Management Inc. now owns 3,029,136 shares of the auto manufacturer’s stock worth $33,563,000 after purchasing an additional 3,007,521 shares in the last quarter. WBI Investments Inc. boosted its holdings in shares of Ford Motor by 1,212.3% in the 2nd quarter. WBI Investments Inc. now owns 2,612,882 shares of the auto manufacturer’s stock worth $28,925,000 after purchasing an additional 2,413,773 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Ford Motor by 83.5% in the 1st quarter. Schroder Investment Management Group now owns 3,496,116 shares of the auto manufacturer’s stock worth $38,737,000 after purchasing an additional 1,590,738 shares in the last quarter. Institutional investors and hedge funds own 54.16% of the company’s stock.
In other Ford Motor news, Director John C. Lechleiter acquired 10,000 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was acquired at an average price of $9.89 per share, for a total transaction of $98,900.00. Following the acquisition, the director now owns 45,000 shares in the company, valued at approximately $445,050. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.95% of the company’s stock.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 25th. The auto manufacturer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.04). Ford Motor had a return on equity of 17.43% and a net margin of 4.27%. The business had revenue of $35.90 billion during the quarter, compared to analysts’ expectations of $35.63 billion. During the same quarter last year, the business posted $0.56 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. equities research analysts expect that Ford Motor will post 1.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Monday, July 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend was Friday, July 20th. Ford Motor’s dividend payout ratio (DPR) is currently 33.71%.
A number of research firms have recently issued reports on F. Morgan Stanley cut Ford Motor from an “overweight” rating to a “sell” rating in a report on Friday, August 31st. TheStreet cut Ford Motor from a “b-” rating to a “c+” rating in a report on Monday, August 13th. Nomura set a $9.00 price objective on Ford Motor and gave the stock a “hold” rating in a report on Tuesday, August 14th. Citigroup dropped their target price on Ford Motor from $10.80 to $10.50 and set a “neutral” rating for the company in a report on Thursday, August 9th. Finally, Barclays restated a “hold” rating and set a $12.00 target price on shares of Ford Motor in a report on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Ford Motor presently has a consensus rating of “Hold” and an average price target of $12.23.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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