Institute for Wealth Management LLC. Takes Position in Ford Motor Company (F)
Institute for Wealth Management LLC. bought a new position in Ford Motor Company (NYSE:F) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 110,362 shares of the auto manufacturer’s stock, valued at approximately $1,227,000.
A number of other large investors also recently bought and sold shares of the business. Bridgewater Associates LP purchased a new position in shares of Ford Motor during the 1st quarter worth $2,342,000. Mathes Company Inc. purchased a new position in shares of Ford Motor during the 2nd quarter worth $571,000. CWA Asset Management Group LLC purchased a new position in shares of Ford Motor during the 1st quarter worth $122,000. AE Wealth Management LLC boosted its stake in shares of Ford Motor by 37.5% during the 1st quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock worth $1,990,000 after acquiring an additional 46,598 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in shares of Ford Motor by 133.0% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock worth $6,805,000 after acquiring an additional 333,821 shares during the last quarter. 54.35% of the stock is owned by institutional investors and hedge funds.
Shares of Ford Motor Company (NYSE:F) opened at 12.05 on Friday. The firm has a 50-day moving average of $11.72 and a 200 day moving average of $11.31. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $13.27. The stock has a market cap of $47.86 billion, a PE ratio of 12.68 and a beta of 1.12.
Ford Motor (NYSE:F) last posted its quarterly earnings data 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 business had revenue of $36.93 billion for 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 was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Friday, October 20th. Ford Motor’s dividend payout ratio is currently 63.16%.
In other news, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the transaction, the insider now directly owns 76,358 shares in the company, valued at $878,117. The disclosure for this sale can be found here. Over the last three months, insiders sold 217,700 shares of company stock worth $2,486,044. Insiders own 1.08% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/10/14/institute-for-wealth-management-llc-takes-position-in-ford-motor-company-f.html.
Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Vetr cut shares of Ford Motor from a “buy” rating to a “hold” rating and set a $12.60 price target on the stock. in a research note on Friday, October 6th. Barclays PLC cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $12.12 to $14.00 in a research note on Friday. TheStreet upgraded shares of Ford Motor from a “c+” rating to a “b-” rating in a research note on Thursday, October 5th. Finally, FIG Partners reiterated a “hold” rating on shares of Ford Motor in a research note on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. Ford Motor has a consensus rating of “Hold” and a consensus target price of $12.44.
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.
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.