Ford Motor Co. (F) Stake Raised by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. increased its stake in Ford Motor Co. (NYSE:F) by 16.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 424,124 shares of the auto manufacturer’s stock after buying an additional 60,101 shares during the period. Daiwa Securities Group Inc.’s holdings in Ford Motor were worth $5,416,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. 1832 Asset Management L.P. increased its position 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 in the last quarter. Balentine LLC purchased a new position in Ford Motor during the second quarter worth about $109,000. Bellwether Investment Group LLC purchased a new position in Ford Motor during the second quarter worth about $109,000. Hudock Capital Group LLC increased its position in Ford Motor by 0.8% in the third quarter. Hudock Capital Group LLC now owns 9,324 shares of the auto manufacturer’s stock worth $112,000 after buying an additional 74 shares in the last quarter. Finally, Reilly Financial Advisors LLC increased its position in Ford Motor by 2.1% in the third quarter. Reilly Financial Advisors LLC now owns 9,684 shares of the auto manufacturer’s stock worth $117,000 after buying an additional 200 shares in the last quarter. 54.26% of the stock is owned by institutional investors.
Shares of Ford Motor Co. (NYSE:F) traded up 0.34% during mid-day trading on Wednesday, reaching $11.96. The company’s stock had a trading volume of 47,637,079 shares. The company has a market cap of $47.53 billion, a PE ratio of 6.61 and a beta of 1.12. The company has a 50-day moving average price of $11.85 and a 200 day moving average price of $12.53. Ford Motor Co. has a 52-week low of $11.02 and a 52-week high of $14.62.
Ford Motor (NYSE:F) last issued its 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. The company 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 firm’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. Equities analysts expect that Ford Motor Co. will post $1.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend is Tuesday, October 25th. Ford Motor’s dividend payout ratio (DPR) is presently 33.15%.
A number of research firms have recently commented on F. Jefferies Group set a $10.00 target price on Ford Motor and gave the stock a “sell” rating in a research note on Saturday, November 19th. TheStreet cut Ford Motor from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Nomura began coverage on Ford Motor in a research note on Tuesday, September 20th. They set a “buy” rating and a $14.00 target price on the stock. Barclays PLC reiterated an “equal weight” rating and set a $12.00 target price on shares of Ford Motor in a research note on Monday, September 12th. Finally, Citigroup Inc. reiterated an “overweight” rating on shares of Ford Motor in a research note on Friday, October 21st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Ford Motor currently has an average rating of “Hold” and an average target price of $13.77.
In other Ford Motor news, insider Sankar S. Nair sold 82,000 shares of the firm’s 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 owns 32,969 shares in the company, valued at approximately $399,254.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ziad S. Ojakli sold 10,000 shares of the firm’s stock in a transaction that occurred 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 owns 503,246 shares of the company’s stock, valued at approximately $5,968,497.56. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
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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