Ford Motor Company (NYSE:F) Shares Sold by Cypress Asset Management Inc. TX
Cypress Asset Management Inc. TX cut its position in Ford Motor Company (NYSE:F) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,800 shares of the auto manufacturer’s stock after selling 1,200 shares during the period. Cypress Asset Management Inc. TX’s holdings in Ford Motor were worth $137,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Bridgewater Associates LP acquired a new stake in Ford Motor during the first quarter worth approximately $2,342,000. Advisor Partners LLC increased its stake in Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock worth $362,000 after buying an additional 1,840 shares during the last quarter. AE Wealth Management LLC increased its stake in Ford Motor by 37.5% in the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock worth $1,990,000 after buying an additional 46,598 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in 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 worth $6,805,000 after buying an additional 333,821 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Ford Motor by 130.3% in the first quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock worth $450,000 after buying an additional 21,879 shares during the last quarter. Institutional investors and hedge funds own 55.38% of the company’s stock.
Ford Motor Company (F) traded down 0.75% during trading on Friday, reaching $10.56. 43,998,743 shares of the company traded hands. The company’s 50-day moving average is $11.19 and its 200 day moving average is $11.53. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27. The company has a market cap of $41.94 billion, a PE ratio of 11.12 and a beta of 1.11.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. Ford Motor’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. On average, analysts anticipate that Ford Motor Company will post $1.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a $0.15 dividend. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.68%. Ford Motor’s payout ratio is presently 63.16%.
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A number of research firms have recently issued reports on F. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price target on the stock. in a report on Wednesday, May 31st. Wolfe Research began coverage on shares of Ford Motor in a report on Tuesday, June 13th. They set a “market perform” rating on the stock. Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the company a “sell” rating in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Ford Motor from a “strong sell” rating to a “hold” rating in a report on Monday, April 24th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $14.00 price target on shares of Ford Motor in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Ford Motor currently has an average rating of “Hold” and a consensus price target of $12.60.
In related news, VP John T. Lawler sold 80,624 shares of the business’s 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 transaction, the vice president now owns 10 shares of the company’s stock, valued at $110. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total value 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. 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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