Prudential Financial Inc. raised its position in Ford Motor Company (NYSE:F) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,254,295 shares of the auto manufacturer’s stock after buying an additional 89,640 shares during the period. Prudential Financial Inc. owned about 0.31% of Ford Motor worth $137,125,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Balentine LLC lifted its stake in Ford Motor by 2.6% in 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 in the last quarter. Archford Capital Strategies LLC lifted its stake in Ford Motor by 7.8% in 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 in the last quarter. Reilly Financial Advisors LLC lifted its stake in Ford Motor by 1.5% in 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 in the last quarter. Kelman Lazarov Inc. purchased a new position in Ford Motor in the 2nd quarter worth approximately $116,000. Finally, GWM Advisors LLC purchased a new position in Ford Motor in the 1st quarter worth approximately $117,000. Institutional investors own 54.35% of the company’s stock.
Shares of Ford Motor Company (NYSE F) opened at 11.63 on Tuesday. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27. The company has a 50-day moving average of $11.04 and a 200-day moving average of $11.32. The stock has a market capitalization of $46.19 billion, a PE ratio of 12.24 and a beta of 1.12.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. On average, equities research analysts expect that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.16%. The ex-dividend date was Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 63.16%.
Several research firms have recently commented on F. Nomura lowered shares of Ford Motor to a “hold” rating in a research report on Saturday, August 5th. Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the company a “sell” rating in a research report on Monday, June 12th. BidaskClub raised shares of Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price target on the stock in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.46.
In other news, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor 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 transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hau N. Thai-Tang sold 25,000 shares of Ford Motor stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the transaction, the insider now directly owns 76,358 shares of the company’s stock, valued at $878,117. The disclosure for this sale can be found here. Over the last three months, insiders have sold 170,624 shares of company stock valued at $1,912,964. 1.08% of the stock is owned by company insiders.
Ford Motor 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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