Strategic Wealth Management Group LLC raised its stake in Ford Motor (NYSE:F) by 15.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 16,035 shares of the auto manufacturer’s stock after purchasing an additional 2,119 shares during the quarter. Strategic Wealth Management Group LLC’s holdings in Ford Motor were worth $164,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Quad Cities Investment Group LLC lifted its position in shares of Ford Motor by 7.2% in the 2nd quarter. Quad Cities Investment Group LLC now owns 20,161 shares of the auto manufacturer’s stock worth $205,000 after purchasing an additional 1,358 shares during the period. MA Private Wealth purchased a new position in Ford Motor during the second quarter valued at approximately $181,000. Intl Fcstone Inc. lifted its holdings in Ford Motor by 9.3% during the second quarter. Intl Fcstone Inc. now owns 22,353 shares of the auto manufacturer’s stock valued at $229,000 after purchasing an additional 1,898 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Ford Motor by 5.6% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,211,597 shares of the auto manufacturer’s stock valued at $12,395,000 after purchasing an additional 64,600 shares in the last quarter. Finally, Polianta Ltd purchased a new position in Ford Motor during the second quarter valued at approximately $1,173,000. 52.34% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO James P. Hackett sold 20,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $9.61, for a total value of $192,200.00. Following the sale, the chief executive officer now owns 214,575 shares in the company, valued at $2,062,065.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Catherine A. O’callaghan sold 53,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $10.33, for a total transaction of $547,490.00. Following the completion of the sale, the vice president now owns 48,275 shares in the company, valued at approximately $498,680.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,000 shares of company stock worth $1,254,940. Company insiders own 0.83% of the company’s stock.
Several brokerages have weighed in on F. BMO Capital Markets downgraded shares of Iamgold from an “outperform” rating to a “market perform” rating in a report on Monday, May 6th. Bank of America reaffirmed a “hold” rating on shares of TELUS in a report on Friday, May 10th. Morgan Stanley set a $10.00 price target on shares of Ford Motor and gave the company a “hold” rating in a report on Friday, April 26th. Nomura downgraded shares of Ford Motor from a “neutral” rating to a “reduce” rating and lowered their price target for the company from $8.20 to $7.50 in a report on Friday, April 5th. Finally, TheStreet downgraded shares of Trinity Industries from a “b” rating to a “c” rating in a report on Thursday, April 25th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Ford Motor has an average rating of “Hold” and a consensus price target of $10.64.
Shares of Ford Motor stock traded down $0.01 on Friday, hitting $9.55. 1,992,867 shares of the company traded hands, compared to its average volume of 33,008,790. The firm has a market cap of $38.37 billion, a PE ratio of 7.35, a P/E/G ratio of 1.03 and a beta of 1.13. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 2.82. Ford Motor has a 52 week low of $7.41 and a 52 week high of $10.56. The company’s 50-day moving average price is $10.09.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $35.91 billion for the quarter, compared to analysts’ expectations of $35.21 billion. Ford Motor had a net margin of 1.37% and a return on equity of 14.90%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. As a group, research analysts anticipate that Ford Motor will post 1.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, July 23rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.28%. The ex-dividend date is Monday, July 22nd. Ford Motor’s payout ratio is currently 46.15%.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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