Pioneer Investment Management Inc. Sells 717,320 Shares of Ford Motor Company (F)
Pioneer Investment Management Inc. cut its position in shares of Ford Motor Company (NYSE:F) by 38.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,165,277 shares of the auto manufacturer’s stock after selling 717,320 shares during the quarter. Pioneer Investment Management Inc.’s holdings in Ford Motor were worth $13,039,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Argent Trust Co boosted its holdings in Ford Motor by 0.3% during the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock valued at $131,000 after purchasing an additional 30 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in Ford Motor by 0.3% during the second quarter. JFS Wealth Advisors LLC now owns 10,997 shares of the auto manufacturer’s stock valued at $123,000 after purchasing an additional 33 shares in the last quarter. FNY Managed Accounts LLC boosted its holdings in Ford Motor by 0.3% during the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after purchasing an additional 34 shares in the last quarter. Berson & Corrado Investment Advisors LLC boosted its holdings in Ford Motor by 0.5% during the second quarter. Berson & Corrado Investment Advisors LLC now owns 14,270 shares of the auto manufacturer’s stock valued at $160,000 after purchasing an additional 70 shares in the last quarter. Finally, Camarda Financial Advisors LLC boosted its holdings in Ford Motor by 0.8% during the second quarter. Camarda Financial Advisors LLC now owns 11,042 shares of the auto manufacturer’s stock valued at $124,000 after purchasing an additional 93 shares in the last quarter. 54.34% of the stock is currently owned by institutional investors and hedge funds.
F has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Monday, May 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $12.00 price objective on shares of Ford Motor in a report on Monday, May 22nd. Deutsche Bank AG reaffirmed a “hold” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 24th. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price objective on the stock. in a report on Wednesday, May 31st. Finally, Morgan Stanley lifted their price objective on Ford Motor from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, June 9th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.54.
Shares of Ford Motor Company (F) opened at 11.35 on Tuesday. The firm has a market cap of $45.08 billion, a price-to-earnings ratio of 11.95 and a beta of 1.12. Ford Motor Company has a 12-month low of $10.47 and a 12-month high of $13.27. The firm’s 50-day moving average is $11.05 and its 200-day moving average is $11.42.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. Analysts predict that Ford Motor Company will post $1.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date was Thursday, July 20th. Ford Motor’s dividend payout ratio is presently 63.16%.
WARNING: “Pioneer Investment Management Inc. Sells 717,320 Shares of Ford Motor Company (F)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/05/pioneer-investment-management-inc-sells-717320-shares-of-ford-motor-company-f.html.
In related news, VP John T. Lawler sold 80,624 shares of Ford Motor 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 completion of the transaction, 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 available through this link. Also, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction on Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is owned by company 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.
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:F).
Receive News & Stock Ratings for Ford Motor Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Company and related stocks with our FREE daily email newsletter.