Westpac Banking Corp Sells 282,500 Shares of Ford Motor Company (NYSE:F)
Westpac Banking Corp reduced its stake in Ford Motor Company (NYSE:F) by 52.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 251,162 shares of the auto manufacturer’s stock after selling 282,500 shares during the period. Westpac Banking Corp’s holdings in Ford Motor were worth $3,391,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH raised its position in shares of Ford Motor by 0.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 457,342 shares of the auto manufacturer’s stock valued at $5,323,000 after buying an additional 1,800 shares during the last quarter. Tredje AP fonden raised its position in shares of Ford Motor by 23.8% in the first quarter. Tredje AP fonden now owns 437,225 shares of the auto manufacturer’s stock valued at $5,089,000 after buying an additional 84,076 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of Ford Motor by 2.5% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 1,067,529 shares of the auto manufacturer’s stock valued at $12,425,000 after buying an additional 26,058 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Ford Motor by 58.6% in the first quarter. IFM Investors Pty Ltd now owns 74,431 shares of the auto manufacturer’s stock valued at $866,000 after buying an additional 27,488 shares during the last quarter. Finally, SVA Plumb Wealth Management LLC raised its position in shares of Ford Motor by 12.4% in the first quarter. SVA Plumb Wealth Management LLC now owns 76,603 shares of the auto manufacturer’s stock valued at $892,000 after buying an additional 8,471 shares during the last quarter. 55.23% of the stock is owned by institutional investors and hedge funds.
Shares of Ford Motor Company (NYSE:F) traded down 0.27% during midday trading on Tuesday, hitting $10.89. 26,099,012 shares of the company’s stock were exchanged. Ford Motor Company has a 1-year low of $10.67 and a 1-year high of $13.27. The stock has a market cap of $43.25 billion, a PE ratio of 11.46 and a beta of 1.11. The stock’s 50 day moving average is $11.31 and its 200-day moving average is $11.67.
Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.13. The company 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 quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Analysts predict that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be issued a $0.15 dividend. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.51%. Ford Motor’s dividend payout ratio is currently 63.16%.
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Several equities analysts recently issued reports on the stock. Jefferies Group LLC reissued a “neutral” rating on shares of Ford Motor in a report on Monday. Nomura lowered shares of Ford Motor to a “hold” rating in a report on Saturday. Zacks Investment Research raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company 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 stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $11.16, for a total value 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 $4,781,066.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the sale, the vice president now 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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