Steinberg Global Asset Management raised its position in Ford Motor Company (NYSE:F) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,668 shares of the auto manufacturer’s stock after buying an additional 23,572 shares during the period. Steinberg Global Asset Management’s holdings in Ford Motor were worth $4,853,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Hexavest Inc. raised its stake in shares of Ford Motor by 5.4% in the first quarter. Hexavest Inc. now owns 3,628,948 shares of the auto manufacturer’s stock worth $42,241,000 after buying an additional 185,639 shares during the period. City Holding Co. raised its stake in shares of Ford Motor by 19.4% in the first quarter. City Holding Co. now owns 30,262 shares of the auto manufacturer’s stock worth $352,000 after buying an additional 4,920 shares during the period. Oakbrook Investments LLC purchased a new stake in shares of Ford Motor during the first quarter worth $4,054,000. Rockland Trust Co. raised its stake in shares of Ford Motor by 0.4% in the first quarter. Rockland Trust Co. now owns 41,051 shares of the auto manufacturer’s stock worth $478,000 after buying an additional 159 shares during the period. Finally, Ledyard National Bank raised its stake in shares of Ford Motor by 337.2% in the first quarter. Ledyard National Bank now owns 48,782 shares of the auto manufacturer’s stock worth $568,000 after buying an additional 37,623 shares during the period. 55.38% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Company (NYSE F) opened at 10.57 on Tuesday. The firm has a market cap of $41.98 billion, a PE ratio of 11.13 and a beta of 1.11. The firm’s 50 day moving average price is $11.17 and its 200-day moving average price is $11.51. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. During the same period in the previous year, the firm posted $0.52 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Equities 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. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.68%. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.

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Several research analysts have recently commented on the company. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price target for the company. in a research report on Tuesday, July 4th. BidaskClub raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Nomura reissued a “buy” rating and issued a $14.80 price target on shares of Ford Motor in a research report on Tuesday, May 2nd. Zacks Investment Research raised Ford Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 24th. Finally, Wolfe Research assumed coverage on Ford Motor in a research report on Tuesday, June 13th. They issued a “market perform” rating for the company. Three 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 given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.60.

In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction on 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 directly owns 10 shares in the company, valued at approximately $110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 428,411 shares of the company’s stock, valued at $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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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