Quantitative Systematic Strategies LLC Acquires New Stake in Ford Motor Company (F)
Quantitative Systematic Strategies LLC acquired a new position in Ford Motor Company (NYSE:F) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 101,110 shares of the auto manufacturer’s stock, valued at approximately $1,210,000.
Other institutional investors also recently added to or reduced their stakes in the company. Balentine LLC boosted its position in Ford Motor by 2.6% in 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. Captrust Financial Advisors purchased a new stake in Ford Motor in the 2nd quarter worth approximately $106,000. Archford Capital Strategies LLC boosted its position in Ford Motor by 7.8% in 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 boosted its position in Ford Motor by 1.5% in 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. Finally, Kelman Lazarov Inc. purchased a new stake in Ford Motor in the 2nd quarter worth approximately $116,000. Institutional investors and hedge funds own 54.33% of the company’s stock.
Several equities research analysts have commented on F shares. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price objective on the stock in a research report on Tuesday, July 25th. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, July 10th. Standpoint Research raised Ford Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub raised Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.44.
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Shares of Ford Motor Company (NYSE F) traded up 0.17% during mid-day trading on Friday, hitting $12.10. The company’s stock had a trading volume of 28,171,651 shares. The stock has a 50-day moving average of $11.90 and a 200-day moving average of $11.33. The company has a market cap of $48.06 billion, a PE ratio of 12.74 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.
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, topping 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 during the quarter, compared to analysts’ expectations of $37.22 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts forecast that Ford Motor Company will post $1.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.96%. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
In other news, VP John T. Lawler sold 80,624 shares of the business’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 transaction, the vice president now directly owns 10 shares of the company’s stock, valued at $110. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven R. Armstrong sold 22,076 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total value of $273,080.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 217,700 shares of company stock valued at $2,486,044. Insiders own 1.08% of the company’s stock.
Ford Motor 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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