Hartland & Co. LLC Raises Stake in Ford Motor Company (F)
Hartland & Co. LLC raised its stake in shares of Ford Motor Company (NYSE:F) by 7.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,441 shares of the auto manufacturer’s stock after buying an additional 3,602 shares during the period. Hartland & Co. LLC’s holdings in Ford Motor were worth $587,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Puplava Financial Services Inc. purchased a new stake in Ford Motor during the first quarter valued at $116,000. GWM Advisors LLC bought a new position in shares of Ford Motor during the first quarter valued at approximately $117,000. TNB Financial acquired a new stake in Ford Motor during the first quarter worth about $119,000. GFS Advisors LLC acquired a new stake in Ford Motor during the first quarter worth about $121,000. Finally, Polaris Greystone Financial Group LLC raised its stake in Ford Motor by 3.0% in the first quarter. Polaris Greystone Financial Group LLC now owns 10,692 shares of the auto manufacturer’s stock worth $124,000 after buying an additional 313 shares during the period. 55.38% of the stock is owned by institutional investors.
Shares of Ford Motor Company (F) traded down 0.75% during trading on Friday, reaching $10.56. 43,998,743 shares of the company’s stock were exchanged. The firm has a market capitalization of $41.94 billion, a PE ratio of 11.12 and a beta of 1.11. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $13.27. The company’s 50-day moving average price is $11.19 and its 200 day moving average price is $11.53.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. During the same period in the prior year, the company earned $0.52 EPS. Ford Motor’s revenue was down .5% on a year-over-year basis. Analysts predict that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Thursday, July 20th. Ford Motor’s payout ratio is 63.16%.
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A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating on shares of Ford Motor in a research report on Tuesday. Nomura reissued a “neutral” rating and set a $11.60 price objective (down from $14.00) on shares of Ford Motor in a research report on Friday, August 4th. Instinet downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $14.80 to $11.60 in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “neutral” rating on shares of Ford Motor in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.60.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the sale, the vice president now directly owns 10 shares of the company’s stock, valued at $110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the sale, the insider now directly owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by corporate 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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