Wayne Hummer Investments L.L.C. Increases Position in Ford Motor Company (F)
Wayne Hummer Investments L.L.C. increased its position in Ford Motor Company (NYSE:F) by 85.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 20,221 shares of the auto manufacturer’s stock after buying an additional 9,310 shares during the period. Wayne Hummer Investments L.L.C.’s holdings in Ford Motor were worth $235,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the company. Puplava Financial Services Inc. bought a new position in Ford Motor during the first quarter valued at about $116,000. GWM Advisors LLC bought a new position in Ford Motor during the first quarter valued at about $117,000. TNB Financial acquired a new position in shares of Ford Motor during the first quarter valued at $119,000. GFS Advisors LLC acquired a new position in shares of Ford Motor during the first quarter valued at $121,000. Finally, Polaris Greystone Financial Group LLC increased its position in shares of Ford Motor by 3.0% in the first quarter. Polaris Greystone Financial Group LLC now owns 10,692 shares of the auto manufacturer’s stock valued at $124,000 after buying an additional 313 shares during the period. 55.40% of the stock is owned by institutional investors.
Ford Motor Company (F) traded down 0.64% during trading on Thursday, reaching $10.93. The company’s stock had a trading volume of 20,301,473 shares. The company has a market capitalization of $42.64 billion, a P/E ratio of 11.63 and a beta of 1.11. Ford Motor Company has a 1-year low of $10.67 and a 1-year high of $13.27. The company’s 50-day moving average is $11.31 and its 200-day moving average is $11.67.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. Equities analysts anticipate that Ford Motor Company will post $1.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
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Several equities analysts recently weighed in on F shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a report on Friday, May 5th. Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the stock a “sell” rating in a report on Monday, June 12th. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price target on the stock in a report on Tuesday, July 25th. BidaskClub cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Nomura reaffirmed a “buy” rating and set a $14.80 price objective on shares of Ford Motor in a research note on Tuesday, May 2nd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.27.
In other news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction on Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares in the company, valued at approximately $4,781,066.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.08% of the stock is currently owned by company insiders.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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