Ford Motor Company (F) Shares Sold by Intrust Bank NA
Intrust Bank NA cut its position in Ford Motor Company (NYSE:F) by 23.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,928 shares of the auto manufacturer’s stock after selling 9,732 shares during the quarter. Intrust Bank NA’s holdings in Ford Motor were worth $346,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of F. BlackRock Inc. lifted its holdings in shares of Ford Motor by 2,991.4% during the 1st quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock worth $2,665,619,000 after acquiring an additional 221,597,419 shares during the period. Pzena Investment Management LLC increased its position in shares of Ford Motor by 38.4% during the 2nd quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the auto manufacturer’s stock worth $266,464,000 after purchasing an additional 6,611,425 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ford Motor by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock worth $3,048,866,000 after purchasing an additional 6,013,577 shares in the last quarter. Morgan Stanley increased its position in shares of Ford Motor by 11.5% during the 1st quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock worth $455,168,000 after purchasing an additional 4,040,717 shares in the last quarter. Finally, State Street Corp increased its position in shares of Ford Motor by 2.5% during the 1st quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock worth $1,896,009,000 after purchasing an additional 3,999,705 shares in the last quarter. Institutional investors and hedge funds own 54.35% of the company’s stock.
F has been the subject of a number of recent analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $12.00 target price on shares of Ford Motor in a research report on Monday, May 22nd. Deutsche Bank AG reiterated a “hold” rating and set a $14.00 price target on shares of Ford Motor in a research report on Wednesday, May 24th. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price target for the company. in a research report on Wednesday, May 31st. Morgan Stanley lifted their price target on shares of Ford Motor from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, June 9th. Finally, Wolfe Research initiated coverage on shares of Ford Motor in a research report on Tuesday, June 13th. They set a “market perform” rating for the company. Three research 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’s stock. Ford Motor has a consensus rating of “Hold” and an average price target of $12.46.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $11.40, for a total transaction of $285,000.00. Following the completion of the sale, the insider now directly owns 403,411 shares of the company’s stock, valued at approximately $4,598,885.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the firm’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 value of $886,864.00. Following the sale, the vice president now directly owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. Insiders have sold 170,624 shares of company stock valued at $1,912,964 in the last quarter. 1.08% of the stock is currently owned by company insiders.
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Shares of Ford Motor Company (NYSE:F) opened at 11.63 on Tuesday. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The stock has a market cap of $46.19 billion, a price-to-earnings ratio of 12.24 and a beta of 1.12. The company has a 50-day moving average price of $11.04 and a 200 day moving average price of $11.32.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share. Equities research analysts expect that Ford Motor Company will post $1.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.16%. The ex-dividend date was Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 63.16%.
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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