Chickasaw Capital Management LLC Continues to Hold Position in Ford Motor Company (F)
Chickasaw Capital Management LLC held its stake in Ford Motor Company (NYSE:F) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,295 shares of the auto manufacturer’s stock at the end of the second quarter. Chickasaw Capital Management LLC’s holdings in Ford Motor were worth $205,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of F. Balentine LLC boosted its stake in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 231 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares in the last quarter. Reilly Financial Advisors LLC boosted its stake in Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after buying an additional 150 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. Finally, Kelman Lazarov Inc. acquired a new stake in Ford Motor during the second quarter valued at approximately $116,000. 55.38% of the stock is owned by institutional investors.
Shares of Ford Motor Company (F) opened at 10.65 on Wednesday. The stock has a market cap of $42.30 billion, a P/E ratio of 11.21 and a beta of 1.11. The stock has a 50 day moving average price of $11.17 and a 200-day moving average price of $11.51. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27.
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 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 the consensus estimate of $37.22 billion. During the same period in the previous year, the business earned $0.52 EPS. The company’s revenue was down .5% on a year-over-year basis. On average, analysts forecast that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.63%. The ex-dividend date is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is currently 63.16%.
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F has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a report on Friday, May 5th. Nomura cut Ford Motor to a “hold” rating in a report on Saturday, August 5th. Berenberg Bank set a $10.00 price target on Ford Motor and gave the company a “sell” rating in a report on Monday, June 12th. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price target for the company in a report on Tuesday, July 25th. Finally, BidaskClub cut Ford Motor from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.60.
In other Ford Motor news, 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 transaction of $279,000.00. Following the sale, the insider now directly owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the business’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 directly owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. 1.08% of the stock is owned by 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.
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