Atlantic Trust Group LLC Has $345,000 Stake in Ford Motor Company (NYSE:F)
Atlantic Trust Group LLC increased its position in Ford Motor Company (NYSE:F) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,654 shares of the auto manufacturer’s stock after buying an additional 409 shares during the period. Atlantic Trust Group LLC’s holdings in Ford Motor were worth $345,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Vident Investment Advisory LLC raised its position in shares of Ford Motor by 0.4% in the fourth quarter. Vident Investment Advisory LLC now owns 184,544 shares of the auto manufacturer’s stock valued at $2,239,000 after buying an additional 812 shares during the period. Luminus Management LLC acquired a new position in shares of Ford Motor during the fourth quarter valued at about $12,325,000. Advisor Partners LLC raised its position in shares of Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock valued at $362,000 after buying an additional 1,840 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after buying an additional 333,821 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of Ford Motor by 130.3% in the first quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock valued at $450,000 after buying an additional 21,879 shares during the period. 55.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ford Motor Company (F) traded up 0.18% during trading on Friday, reaching $10.95. 29,226,862 shares of the company were exchanged. The firm’s 50 day moving average price is $11.31 and its 200 day moving average price is $11.67. Ford Motor Company has a one year low of $10.67 and a one year high of $13.27. The company has a market capitalization of $43.49 billion, a PE ratio of 11.53 and a beta of 1.11.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. Equities research analysts forecast that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Thursday, July 20th. Ford Motor’s payout ratio is currently 63.16%.
Several research analysts have recently issued reports on the stock. Nomura reaffirmed a “neutral” rating and issued a $11.60 target price (down previously from $14.00) on shares of Ford Motor in a research note on Friday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Friday, May 5th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a research note on Monday, May 22nd. Berenberg Bank set a $10.00 target price on shares of Ford Motor and gave the company a “sell” rating in a research note on Monday, June 12th. Finally, Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price on the stock. in a research note on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.11.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s 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 completion of the sale, the insider now directly owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the sale, the vice president now directly owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
Ford Motor Company Profile
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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