BNP Paribas Arbitrage SA Reduces Stake in Ford Motor Co. (F)
BNP Paribas Arbitrage SA reduced its position in shares of Ford Motor Co. (NYSE:F) by 24.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,165,410 shares of the auto manufacturer’s stock after selling 376,190 shares during the period. BNP Paribas Arbitrage SA’s holdings in Ford Motor were worth $14,066,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Eqis Capital Management Inc. boosted its position in Ford Motor by 166.1% in the third quarter. Eqis Capital Management Inc. now owns 40,276 shares of the auto manufacturer’s stock worth $486,000 after buying an additional 25,142 shares during the last quarter. Washington Trust Bank raised its stake in shares of Ford Motor by 3.1% in the third quarter. Washington Trust Bank now owns 21,301 shares of the auto manufacturer’s stock worth $257,000 after buying an additional 640 shares during the period. Evercore Wealth Management LLC raised its stake in shares of Ford Motor by 9.0% in the second quarter. Evercore Wealth Management LLC now owns 29,046 shares of the auto manufacturer’s stock worth $365,000 after buying an additional 2,396 shares during the period. Williams Jones & Associates LLC raised its stake in shares of Ford Motor by 1,349.7% in the second quarter. Williams Jones & Associates LLC now owns 39,489 shares of the auto manufacturer’s stock worth $496,000 after buying an additional 36,765 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Ford Motor during the second quarter worth about $1,980,000. 55.48% of the stock is owned by institutional investors.
Ford Motor Co. (NYSE:F) opened at 11.76 on Friday. The company has a 50-day moving average of $11.92 and a 200-day moving average of $12.67. Ford Motor Co. has a 1-year low of $11.02 and a 1-year high of $14.76. The firm has a market cap of $46.73 billion, a price-to-earnings ratio of 6.50 and a beta of 1.12.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. Ford Motor had a net margin of 4.80% and a return on equity of 26.97%. The firm earned $35.90 billion during the quarter, compared to the consensus estimate of $32.70 billion. During the same period last year, the firm posted $0.45 EPS. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. Analysts predict that Ford Motor Co. will post $1.81 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Tuesday, October 25th. Ford Motor’s dividend payout ratio is presently 33.15%.
F has been the topic of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and issued a $12.00 target price on shares of Ford Motor in a research note on Monday, October 24th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Ford Motor in a research note on Monday, September 12th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $12.00 target price (down previously from $13.00) on shares of Ford Motor in a research note on Saturday, October 8th. Seaport Global Securities initiated coverage on shares of Ford Motor in a research note on Tuesday, August 9th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Vetr upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $13.10 target price on the stock in a research note on Monday, September 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $13.96.
In other Ford Motor news, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the completion of the transaction, the insider now directly owns 32,969 shares of the company’s stock, valued at $399,254.59. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.
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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