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%.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/18/ford-motor-company-f-stake-raised-by-smith-salley-associates.html.

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.

Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:F).

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

Receive News & Stock Ratings for Ford Motor Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Company and related stocks with our FREE daily email newsletter.