Ford Motor Co. (F) Stake Lowered by Chevy Chase Trust Holdings Inc.
Chevy Chase Trust Holdings Inc. reduced its position in Ford Motor Co. (NYSE:F) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,899,546 shares of the auto manufacturer’s stock after selling 74,221 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.10% of Ford Motor worth $47,067,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Silvercrest Asset Management Group LLC increased its position in Ford Motor by 9.9% in the first quarter. Silvercrest Asset Management Group LLC now owns 36,565 shares of the auto manufacturer’s stock valued at $494,000 after buying an additional 3,300 shares during the period. Babson Capital Management LLC boosted its position in shares of Ford Motor by 27.9% in the first quarter. Babson Capital Management LLC now owns 313,275 shares of the auto manufacturer’s stock valued at $4,229,000 after buying an additional 68,300 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Ford Motor by 131.8% in the first quarter. Squarepoint Ops LLC now owns 339,958 shares of the auto manufacturer’s stock valued at $4,590,000 after buying an additional 193,321 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Ford Motor by 14.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 705,803 shares of the auto manufacturer’s stock valued at $9,479,000 after buying an additional 88,439 shares in the last quarter. Finally, Logan Capital Management Inc. boosted its position in shares of Ford Motor by 9.0% in the first quarter. Logan Capital Management Inc. now owns 1,178,187 shares of the auto manufacturer’s stock valued at $15,906,000 after buying an additional 97,268 shares in the last quarter. 55.48% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Co. (NYSE:F) traded down 0.93% during midday trading on Friday, reaching $11.76. The company’s stock had a trading volume of 30,662,036 shares. The stock’s 50-day moving average price is $11.92 and its 200 day moving average price is $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 capitalization of $46.73 billion, a PE ratio of 6.50 and a beta of 1.12.
Ford Motor (NYSE:F) last released its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The firm earned $35.90 billion during the quarter, compared to analysts’ expectations of $32.70 billion. During the same period in the previous year, the firm posted $0.45 EPS. Ford Motor’s revenue for the quarter was down 6.9% on a year-over-year basis. Equities analysts anticipate that Ford Motor Co. will post $1.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.10%. Ford Motor’s dividend payout ratio (DPR) is presently 33.15%.
Several brokerages have commented on F. Jefferies Group reissued a “sell” rating on shares of Ford Motor in a research report on Sunday, September 4th. Barclays PLC reissued an “equal weight” rating and issued a $12.00 target price (down previously from $13.00) on shares of Ford Motor in a research report on Tuesday, August 2nd. Deutsche Bank AG reissued a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Wednesday, August 17th. Buckingham Research lowered Ford Motor from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $12.00 in a research report on Tuesday, September 20th. Finally, Seaport Global Securities assumed coverage on Ford Motor in a research report on Tuesday, August 9th. They issued a “buy” rating and a $20.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.96.
In other news, insider Sankar S. Nair sold 82,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction 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 approximately $399,254.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.
Ford Motor Company Profile
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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