Commerce Bank Sells 14,781 Shares of Ford Motor Co. (F)
Commerce Bank reduced its stake in shares of Ford Motor Co. (NYSE:F) by 9.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,251 shares of the auto manufacturer’s stock after selling 14,781 shares during the period. Commerce Bank’s holdings in Ford Motor were worth $1,693,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. 1832 Asset Management L.P. increased its stake in 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 purchased a new position in shares of Ford Motor during the second quarter valued at about $109,000. Bellwether Investment Group LLC purchased a new position in shares of Ford Motor during the second quarter valued at about $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 valued at $116,000 after buying an additional 1,200 shares during the period. Finally, Reilly Financial Advisors LLC boosted its position in shares of Ford Motor by 2.1% in the third quarter. Reilly Financial Advisors LLC now owns 9,684 shares of the auto manufacturer’s stock valued at $117,000 after buying an additional 200 shares during the period. 54.26% of the stock is owned by institutional investors.
Shares of Ford Motor Co. (NYSE:F) traded down 1.00% during midday trading on Monday, reaching $11.92. The company’s stock had a trading volume of 24,407,192 shares. Ford Motor Co. has a 12 month low of $11.02 and a 12 month high of $14.62. The company has a market cap of $47.37 billion, a price-to-earnings ratio of 6.59 and a beta of 1.12. The stock has a 50-day moving average of $11.85 and a 200 day moving average of $12.53.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 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 quarter in the prior year, the firm earned $0.45 EPS. Ford Motor’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts predict that Ford Motor Co. will post $1.81 earnings per share for the current fiscal year.
The firm also recently declared 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 annualized dividend and a yield of 4.98%. Ford Motor’s dividend payout ratio (DPR) is 33.15%.
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F has been the topic of several research analyst reports. Deutsche Bank AG restated a “hold” rating and set a $14.00 price objective on shares of Ford Motor in a research note on Wednesday, August 17th. Berenberg Bank restated a “sell” rating and set a $10.00 price objective on shares of Ford Motor in a research note on Monday. Goldman Sachs Group Inc. restated a “neutral” rating and set a $12.00 price objective (down from $13.00) on shares of Ford Motor in a research note on Saturday, October 8th. TheStreet cut Ford Motor from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Ford Motor in a research note on Monday, September 12th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus 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 business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $11.86, for a total value of $118,600.00. Following the transaction, the insider now directly 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 link. Also, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction on Tuesday, October 4th. The shares were 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 in the company, valued at $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate 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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