Ford Motor Co. (F) Position Cut by Hexavest Inc.
Hexavest Inc. reduced its position in shares of Ford Motor Co. (NYSE:F) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,864,646 shares of the auto manufacturer’s stock after selling 226,164 shares during the period. Hexavest Inc. owned 0.07% of Ford Motor worth $34,576,000 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. 1832 Asset Management L.P. boosted its position in shares of Ford Motor by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock worth $100,000 after buying an additional 1,400 shares during the last quarter. Balentine LLC acquired a new position in shares of Ford Motor during the second quarter worth approximately $109,000. Bellwether Investment Group LLC acquired a new position in shares of Ford Motor during the second quarter worth approximately $109,000. Hudock Capital Group LLC boosted its position in shares of Ford Motor by 14.9% in the second quarter. Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer’s stock worth $116,000 after buying an additional 1,200 shares during the last quarter. Finally, Financial Architects Inc boosted its position in shares of Ford Motor by 232.5% in the second quarter. Financial Architects Inc now owns 9,863 shares of the auto manufacturer’s stock worth $124,000 after buying an additional 6,897 shares during the last quarter. 55.22% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Co. (NYSE:F) traded up 1.18% during trading on Friday, hitting $12.04. The stock had a trading volume of 11,439,553 shares. The stock’s 50-day moving average is $11.86 and its 200-day moving average is $12.56. The stock has a market capitalization of $47.84 billion, a PE ratio of 6.65 and a beta of 1.12. Ford Motor Co. has a 52-week low of $11.02 and a 52-week high of $14.62.
Ford Motor (NYSE:F) last released its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The firm had revenue of $35.90 billion for the quarter, compared to the consensus estimate of $32.70 billion. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. On average, analysts predict that Ford Motor Co. will post $1.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.98%. The ex-dividend date is Tuesday, October 25th. Ford Motor’s dividend payout ratio (DPR) is presently 33.15%.
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Several research analysts have recently issued reports on F shares. Jefferies Group set a $10.00 target price on shares of Ford Motor and gave the stock a “sell” rating in a report on Saturday, November 19th. TheStreet cut shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. Nomura started coverage on shares of Ford Motor in a report on Tuesday, September 20th. They issued a “buy” rating and a $14.00 target price on the stock. Barclays PLC restated an “equal weight” rating and issued a $12.00 target price on shares of Ford Motor in a report on Monday, September 12th. Finally, Citigroup Inc. restated an “overweight” rating on shares of Ford Motor in a report on Friday, October 21st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $13.77.
In other Ford Motor news, insider Ziad S. Ojakli sold 10,000 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $11.86, for a total value of $118,600.00. Following the transaction, the insider now owns 503,246 shares of the company’s stock, valued at approximately $5,968,497.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sankar S. Nair sold 82,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 32,969 shares in the company, valued at approximately $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is 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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