Ford Motor Company (F) Position Decreased by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC lowered its stake in shares of Ford Motor Company (NYSE:F) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 546,301 shares of the auto manufacturer’s stock after selling 55,421 shares during the period. Janney Montgomery Scott LLC’s holdings in Ford Motor were worth $6,113,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of F. Bridgewater Associates LP acquired a new position in shares of Ford Motor during the first quarter valued at $2,342,000. Mathes Company Inc. acquired a new position in shares of Ford Motor during the second quarter valued at $571,000. Advisor Partners LLC increased its position in shares of Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock valued at $362,000 after buying an additional 1,840 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Ford Motor during the first quarter valued at $122,000. Finally, AE Wealth Management LLC increased its position in shares of Ford Motor by 37.5% in the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after buying an additional 46,598 shares during the period. Hedge funds and other institutional investors own 55.38% of the company’s stock.
Ford Motor Company (NYSE:F) opened at 10.82 on Friday. The firm has a 50-day moving average price of $11.10 and a 200-day moving average price of $11.47. The stock has a market cap of $42.97 billion, a price-to-earnings ratio of 11.39 and a beta of 1.11. 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 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 return on equity of 19.69% and a net margin of 2.52%. The company had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. During the same period last year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts predict that Ford Motor Company will post $1.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
Several equities analysts recently weighed in on F shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a report on Friday, May 5th. Nomura downgraded shares of Ford Motor to a “hold” rating in a report on Saturday, August 5th. Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the stock a “sell” rating in a report on Monday, June 12th. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price target on the stock in a report on Tuesday, July 25th. Finally, BidaskClub downgraded shares of 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 stock presently has a consensus rating of “Hold” and a consensus target price of $12.54.
In other news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following 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 SEC, which can be accessed through the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor 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 transaction, the insider now owns 428,411 shares in the company, valued at $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by company 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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