Ford Motor Company (NYSE:F) Position Lowered by Acadian Asset Management LLC
Acadian Asset Management LLC cut its stake in shares of Ford Motor Company (NYSE:F) by 8.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 35,374 shares of the auto manufacturer’s stock after selling 3,290 shares during the period. Acadian Asset Management LLC’s holdings in Ford Motor were worth $395,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of F. BlackRock Inc. raised its stake in Ford Motor by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after buying an additional 221,597,419 shares in the last quarter. Vanguard Group Inc. raised its stake in Ford Motor by 2.3% in the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock valued at $3,048,866,000 after buying an additional 6,013,577 shares in the last quarter. Morgan Stanley raised its stake in Ford Motor by 11.5% in the first quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock valued at $455,168,000 after buying an additional 4,040,717 shares in the last quarter. State Street Corp raised its stake in Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after buying an additional 3,999,705 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Ford Motor by 10.8% in the first quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer’s stock valued at $475,306,000 after buying an additional 3,978,850 shares in the last quarter. Institutional investors and hedge funds own 55.38% of the company’s stock.
Ford Motor Company (F) traded up 1.253% during midday trading on Monday, reaching $10.905. 12,000,924 shares of the company’s stock were exchanged. The stock has a market cap of $43.31 billion, a P/E ratio of 11.479 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 firm’s 50-day moving average is $11.24 and its 200 day moving average is $11.60.
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, topping the Zacks’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. Equities analysts anticipate that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders 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 annualized dividend and a dividend yield of 5.57%. Ford Motor’s dividend payout ratio is currently 63.16%.
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F has been the subject of several recent research reports. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 target price for the company. in a research note on Wednesday, May 31st. Royal Bank Of Canada reissued a “buy” rating and set a $14.00 target price on shares of Ford Motor in a research note on Monday, May 15th. Nomura reissued a “buy” rating and set a $14.80 target price on shares of Ford Motor in a research note on Tuesday, May 2nd. Bank of America Corporation reissued a “buy” rating and set a $12.50 target price (down from $14.00) on shares of Ford Motor in a research note on Friday, June 16th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $14.00 target price on shares of Ford Motor in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ford Motor has a consensus rating of “Hold” and an average price target of $12.60.
In other news, VP John T. Lawler sold 80,624 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares of the company’s stock, valued at $110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is owned by insiders.
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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