Parallel Advisors LLC Has $169,000 Holdings in Ford Motor Company (F)
Parallel Advisors LLC lowered its position in shares of Ford Motor Company (NYSE:F) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,103 shares of the auto manufacturer’s stock after selling 517 shares during the quarter. Parallel Advisors LLC’s holdings in Ford Motor were worth $169,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Balentine LLC raised its position in shares of Ford Motor by 2.6% during 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 during the last quarter. Archford Capital Strategies LLC raised its position in shares of Ford Motor by 7.8% during 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 during the last quarter. Reilly Financial Advisors LLC raised its position in shares of Ford Motor by 1.5% during 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 during the last quarter. FNY Managed Accounts LLC raised its position in shares of 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 buying an additional 34 shares during the last quarter. Finally, Kelman Lazarov Inc. bought a new stake in shares of Ford Motor during the second quarter valued at approximately $116,000. 54.35% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on F shares. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price objective on the stock. in a research report on Wednesday, May 31st. Bank of America Corporation reiterated a “buy” rating and set a $12.50 price objective (down previously from $14.00) on shares of Ford Motor in a research report on Friday, June 16th. Piper Jaffray Companies reiterated a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Friday, July 28th. Royal Bank Of Canada reiterated a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Finally, BidaskClub upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $12.51.
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Ford Motor Company (NYSE:F) opened at 11.62 on Monday. The firm’s 50-day moving average is $11.03 and its 200 day moving average is $11.35. Ford Motor Company has a 1-year low of $10.47 and a 1-year high of $13.27. The stock has a market capitalization of $46.15 billion, a price-to-earnings ratio of 12.23 and a beta of 1.12.
Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. During the same period last year, the company earned $0.52 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts anticipate that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date was Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the sale, the vice president now directly owns 10 shares of the company’s stock, valued at approximately $110. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph R. Hinrichs sold 40,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the sale, the insider now directly owns 532,435 shares of the company’s stock, valued at $6,037,812.90. The disclosure for this sale can be found here. Insiders sold a total of 170,624 shares of company stock valued at $1,912,964 over the last ninety days. Corporate insiders own 1.08% of the company’s stock.
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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