Ford Motor Company (F) Stake Raised by Smith Salley & Associates
Smith Salley & Associates boosted its stake in Ford Motor Company (NYSE:F) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 241,419 shares of the auto manufacturer’s stock after buying an additional 8,761 shares during the period. Smith Salley & Associates’ holdings in Ford Motor were worth $2,702,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Argent Trust Co boosted its stake in Ford Motor by 0.3% in the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock valued at $131,000 after buying an additional 30 shares in the last quarter. FNY Managed Accounts LLC boosted its stake in Ford Motor by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 34 shares in the last quarter. Berson & Corrado Investment Advisors LLC boosted its stake in Ford Motor by 0.5% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 14,270 shares of the auto manufacturer’s stock valued at $160,000 after buying an additional 70 shares in the last quarter. Camarda Financial Advisors LLC boosted its stake in Ford Motor by 0.8% in the second quarter. Camarda Financial Advisors LLC now owns 11,042 shares of the auto manufacturer’s stock valued at $124,000 after buying an additional 93 shares in the last quarter. Finally, Guardian Life Insurance Co. of America boosted its stake in Ford Motor by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 15,078 shares of the auto manufacturer’s stock valued at $176,000 after buying an additional 123 shares in the last quarter. 55.38% of the stock is owned by institutional investors and hedge funds.
Shares of Ford Motor Company (F) traded down 0.47% on Friday, reaching $10.59. 26,980,207 shares of the company were exchanged. The firm has a market capitalization of $42.06 billion, a PE ratio of 11.15 and a beta of 1.11. Ford Motor Company has a 12-month low of $10.47 and a 12-month high of $13.27. The stock’s 50-day moving average is $11.20 and its 200 day moving average is $11.55.
Ford Motor (NYSE:F) last announced its 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 company had revenue of $36.93 billion during 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 prior year, the company earned $0.52 earnings per share. On average, analysts forecast that Ford Motor Company will post $1.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.64%. Ford Motor’s dividend payout ratio is presently 63.16%.
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Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Friday, May 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $12.00 price objective on shares of Ford Motor in a research report on Monday, May 22nd. Berenberg Bank set a $10.00 price objective on shares of Ford Motor and gave the stock a “sell” rating in a research report on Monday, June 12th. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price objective for the company. in a research report on Tuesday, July 4th. Finally, ValuEngine cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.60.
In related news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares in the company, valued at $110. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the transaction, the insider now 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 corporate 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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