Ford Motor Company (F) Shares Sold by Denali Advisors LLC
Denali Advisors LLC reduced its stake in shares of Ford Motor Company (NYSE:F) by 17.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 371,577 shares of the auto manufacturer’s stock after selling 78,700 shares during the period. Denali Advisors LLC’s holdings in Ford Motor were worth $4,158,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Bridgewater Associates LP purchased a new stake in Ford Motor during the first quarter valued at approximately $2,342,000. 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 valued at $362,000 after buying an additional 1,840 shares during the period. CWA Asset Management Group LLC purchased a new stake in Ford Motor during the first quarter valued at approximately $122,000. 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 valued at $1,990,000 after buying an additional 46,598 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after buying an additional 333,821 shares during the period. Hedge funds and other institutional investors own 54.33% of the company’s stock.
Ford Motor Company (F) traded down 0.37% on Monday, reaching $10.78. The company’s stock had a trading volume of 9,527,324 shares. The stock has a market cap of $42.82 billion, a price-to-earnings ratio of 11.35 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 firm’s 50-day moving average price is $11.10 and its 200-day moving average price is $11.47. Ford Motor also was the target of unusually large options trading activity on Friday. Investors acquired 25,069 call options on the company. This represents an increase of approximately 259% compared to the typical daily volume of 6,974 call options.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. On average, equities analysts expect that Ford Motor Company will post $1.75 earnings per share for the current year.
The firm also recently disclosed 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 5.55%. The ex-dividend date is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
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Several equities research analysts have recently commented on the company. Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Friday, May 5th. Jefferies Group LLC reissued a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a research note on Monday, May 22nd. Berenberg Bank set a $10.00 target price on Ford Motor and gave the company a “sell” rating in a research note on Monday, June 12th. Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price for the company. in a research note on Tuesday, July 4th. Finally, Guggenheim assumed coverage on Ford Motor in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $13.00 target price for the company. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Ford Motor currently has an average rating of “Hold” and an average price target of $12.54.
In other Ford Motor news, 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 value of $279,000.00. Following the sale, the insider now owns 428,411 shares in the company, valued at $4,781,066.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was 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 owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by corporate 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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