FineMark National Bank & Trust Buys 3,445 Shares of Ford Motor Company (F)
FineMark National Bank & Trust increased its position in Ford Motor Company (NYSE:F) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 296,902 shares of the auto manufacturer’s stock after buying an additional 3,445 shares during the period. FineMark National Bank & Trust’s holdings in Ford Motor were worth $3,322,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Bridgewater Associates LP acquired a new stake in Ford Motor during the first quarter worth $2,342,000. Mathes Company Inc. acquired a new stake in Ford Motor during the second quarter worth $571,000. Advisor Partners LLC boosted 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 in the last quarter. AE Wealth Management LLC boosted 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 in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in Ford Motor during the first quarter worth $122,000. 55.38% of the stock is owned by institutional investors and hedge funds.
Ford Motor Company (NYSE F) opened at 10.56 on Monday. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27. The company has a market capitalization of $41.94 billion, a price-to-earnings ratio of 11.12 and a beta of 1.11. The stock has a 50 day moving average price of $11.19 and a 200 day moving average price of $11.53.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Ford Motor’s revenue for the quarter was down .5% on a year-over-year basis. Analysts anticipate that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.68%. Ford Motor’s dividend payout ratio is 63.16%.
A number of equities research analysts recently weighed in on F shares. Zacks Investment Research raised Ford Motor from a “strong sell” rating to a “hold” rating in a report on Monday, April 24th. Nomura reaffirmed a “buy” rating and set a $14.80 price target on shares of Ford Motor in a report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 price target on shares of Ford Motor in a report on Friday, May 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $12.00 price target on shares of Ford Motor in a report on Monday, May 22nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Ford Motor 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 on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now owns 10 shares of the company’s stock, valued at $110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction on 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 in the company, 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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