Ford Motor Co. (F) Announces Quarterly Dividend of $0.15
Ford Motor Co. (NYSE:F) declared a quarterly dividend on Thursday, October 13th. Investors of record on Thursday, October 27th will be given a dividend of 0.15 per share by the auto manufacturer on Thursday, December 1st. This represents a $0.60 annualized dividend and a yield of 5.02%.
Ford Motor (NYSE:F) opened at 11.96 on Thursday. The company has a 50-day moving average price of $12.28 and a 200 day moving average price of $12.87. Ford Motor has a 1-year low of $11.02 and a 1-year high of $15.84. The firm has a market capitalization of $47.52 billion, a price-to-earnings ratio of 5.64 and a beta of 1.27.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The business earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Ford Motor will post $1.82 earnings per share for the current year.
Several equities research analysts have recently weighed in on F shares. Deutsche Bank AG reissued a “hold” rating and set a $14.00 price objective on shares of Ford Motor in a research note on Wednesday, August 17th. Goldman Sachs Group Inc. set a $15.00 price objective on Ford Motor and gave the stock a “buy” rating in a research note on Thursday, July 7th. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Ford Motor in a research note on Monday, September 12th. Finally, Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.45 price objective for the company. in a research note on Monday, July 4th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.06.
In related news, Director John C. Lechleiter acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were bought at an average cost of $12.26 per share, with a total value of $61,300.00. Following the completion of the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $306,500. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the sale, the insider now directly owns 32,969 shares in the company, valued at $399,254.59. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Associated Banc Corp increased its stake in Ford Motor by 1.6% in the second quarter. Associated Banc Corp now owns 172,280 shares of the auto manufacturer’s stock worth $2,166,000 after buying an additional 2,783 shares during the last quarter. Employees Retirement System of Texas increased its stake in Ford Motor by 29.2% in the second quarter. Employees Retirement System of Texas now owns 292,000 shares of the auto manufacturer’s stock worth $3,670,000 after buying an additional 66,000 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Ford Motor by 4.9% in the second quarter. Commonwealth Bank of Australia now owns 824,815 shares of the auto manufacturer’s stock worth $10,368,000 after buying an additional 38,584 shares during the last quarter. Tredje AP fonden increased its stake in Ford Motor by 7.5% in the second quarter. Tredje AP fonden now owns 411,549 shares of the auto manufacturer’s stock worth $5,173,000 after buying an additional 28,808 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Ford Motor during the second quarter valued at approximately $629,000. 56.05% of the stock is currently owned by institutional investors.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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