Shufro Rose & Co. LLC Has $221,000 Holdings in Ford Motor Company (F)
Shufro Rose & Co. LLC continued to hold its stake in Ford Motor Company (NYSE:F) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,708 shares of the auto manufacturer’s stock at the close of the 2nd quarter. Shufro Rose & Co. LLC’s holdings in Ford Motor were worth $221,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of F. Balentine LLC grew its stake in Ford Motor by 2.6% during the 1st quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 231 shares in the last quarter. Archford Capital Strategies LLC grew its stake in Ford Motor by 7.8% during the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after purchasing an additional 676 shares in the last quarter. Reilly Financial Advisors LLC grew its stake in Ford Motor by 1.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 150 shares in the last quarter. Kelman Lazarov Inc. acquired a new position in Ford Motor during the 2nd quarter worth $116,000. Finally, GWM Advisors LLC acquired a new position in Ford Motor during the 1st quarter worth $117,000. 54.34% of the stock is owned by institutional investors and hedge funds.
F has been the subject of several analyst reports. Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 target price for the company. in a research note on Wednesday, May 31st. Wolfe Research assumed coverage on Ford Motor in a research note on Tuesday, June 13th. They set a “market perform” rating for the company. Berenberg Bank set a $10.00 price objective on Ford Motor and gave the stock a “sell” rating in a research report on Monday, August 14th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Friday, July 28th. Finally, BidaskClub raised Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.54.
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Ford Motor Company (NYSE F) opened at 11.36 on Friday. The stock’s 50 day moving average price is $10.99 and its 200-day moving average price is $11.39. The stock has a market capitalization of $45.12 billion, a P/E ratio of 11.96 and a beta of 1.12. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $13.27.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Zacks’ 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 quarter in the previous year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts expect that Ford Motor Company will post $1.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.28%. Ford Motor’s payout ratio is 63.16%.
In related news, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 10 shares of the company’s stock, valued at $110. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the sale, the insider now directly owns 428,411 shares in the company, valued at approximately $4,781,066.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 170,624 shares of company stock worth $1,906,964. 1.08% of the stock is 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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