First Midwest Bank Trust Division boosted its stake in shares of Ford Motor Company (NYSE:F) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,297 shares of the auto manufacturer’s stock after purchasing an additional 13,759 shares during the quarter. First Midwest Bank Trust Division’s holdings in Ford Motor were worth $1,189,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Balentine LLC raised its stake in Ford Motor by 2.6% during the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after acquiring an additional 231 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Ford Motor during the 2nd quarter worth approximately $106,000. Archford Capital Strategies LLC boosted its holdings 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 buying an additional 676 shares in the last quarter. Reilly Financial Advisors LLC boosted its holdings 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 buying an additional 150 shares in the last quarter. Finally, Kelman Lazarov Inc. bought a new position in shares of Ford Motor during the 2nd quarter worth approximately $116,000. 54.31% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Company (NYSE F) traded up $0.15 during midday trading on Tuesday, hitting $12.16. The company had a trading volume of 30,415,800 shares, compared to its average volume of 37,906,246. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The company has a market capitalization of $47,750.00, a price-to-earnings ratio of 7.15, a PEG ratio of 0.62 and a beta of 1.25.
Ford Motor (NYSE:F) last released its quarterly 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. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The company had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same period in the previous year, the company posted $0.26 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. research analysts predict that Ford Motor Company will post 1.81 EPS for the current year.
The company 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. This represents a $0.60 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is presently 54.55%.
A number of brokerages have recently weighed in on F. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Vetr lowered Ford Motor from a “buy” rating to a “hold” rating and set a $12.34 price target for the company. in a research report on Wednesday, September 27th. Nomura reissued a “neutral” rating and issued a $11.60 price target (down from $14.00) on shares of Ford Motor in a research report on Friday, August 4th. Jefferies Group LLC increased their price target on Ford Motor from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Monday, October 30th. Finally, Instinet lowered Ford Motor from a “buy” rating to a “neutral” rating and decreased their target price for the company from $14.80 to $11.60 in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.63.
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In other news, insider Steven R. Armstrong sold 22,076 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 137,076 shares of company stock valued at $1,599,180. 1.08% of the stock is owned by company insiders.
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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