Gulf International Bank UK Ltd Boosts Position in Ford Motor Co. (F)
Gulf International Bank UK Ltd raised its stake in shares of Ford Motor Co. (NYSE:F) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,129,727 shares of the auto manufacturer’s stock after buying an additional 25,300 shares during the period. Gulf International Bank UK Ltd’s holdings in Ford Motor were worth $13,635,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of F. 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 valued at $100,000 after buying an additional 1,400 shares during the last quarter. Bellwether Investment Group LLC purchased a new position in shares of Ford Motor during the second quarter valued at approximately $109,000. Balentine LLC purchased a new position in shares of Ford Motor during the second quarter valued at 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 valued at $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 valued at $124,000 after buying an additional 6,897 shares during the last quarter. Institutional investors own 54.26% of the company’s stock.
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 company earned $35.90 billion during the quarter, compared to analyst estimates of $32.70 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The firm’s revenue was down 6.9% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Tuesday, October 25th. Ford Motor’s dividend payout ratio (DPR) is 33.15%.
Several research analysts have commented on the stock. Jefferies Group reiterated a “sell” rating on shares of Ford Motor in a report on Sunday, September 4th. Barclays PLC reissued an “equal weight” rating and issued a $12.00 price target (down 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 price target on shares of Ford Motor in a research report on Wednesday, August 17th. Buckingham Research lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $12.00 in a research report on Tuesday, September 20th. Finally, Seaport Global Securities started coverage on shares of Ford Motor in a research report on Tuesday, August 9th. They issued a “buy” rating and a $20.00 price target for the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $13.77.
In other news, 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 value of $993,020.00. Following the completion of the transaction, the insider now 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 Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $118,600.00. Following the completion of the transaction, the insider now directly 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. 1.10% of the stock is currently owned by 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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