Summit Financial Wealth Advisors LLC Sells 9,000 Shares of Ford Motor Company (F)
Summit Financial Wealth Advisors LLC lowered its stake in shares of Ford Motor Company (NYSE:F) by 33.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,711 shares of the company’s stock after selling 9,000 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Ford Motor were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of F. BlackRock Inc. increased its position in shares of Ford Motor by 2,991.4% during the first quarter. BlackRock Inc. now owns 229,005,290 shares of the company’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 second quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the company’s stock worth $266,464,000 after acquiring an additional 6,611,425 shares during the period. Vanguard Group Inc. increased its position in shares of Ford Motor by 2.3% during the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the company’s stock worth $3,048,866,000 after acquiring an additional 6,013,577 shares during the period. Franklin Resources Inc. increased its position in shares of Ford Motor by 5.7% during the second quarter. Franklin Resources Inc. now owns 87,703,958 shares of the company’s stock worth $981,407,000 after acquiring an additional 4,706,379 shares during the period. Finally, Morgan Stanley grew its stake in shares of Ford Motor by 11.5% during the first quarter. Morgan Stanley now owns 39,103,837 shares of the company’s stock worth $455,168,000 after purchasing an additional 4,040,717 shares in the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on F shares. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price objective for the company in a research note on Tuesday, July 25th. Piper Jaffray Companies restated a “buy” rating and issued a $14.00 price objective on shares of Ford Motor in a research note on Friday, July 28th. BidaskClub downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Nomura restated a “neutral” rating and issued a $11.60 price objective (down previously from $14.00) on shares of Ford Motor in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$12.63.
ILLEGAL ACTIVITY NOTICE: “Summit Financial Wealth Advisors LLC Sells 9,000 Shares of Ford Motor Company (F)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/13/summit-financial-wealth-advisors-llc-sells-9000-shares-of-ford-motor-company-f.html.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of C$11.40, for a total value of C$285,000.00. Following the transaction, the insider now owns 403,411 shares of the company’s stock, valued at approximately C$4,598,885.40. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of C$11.34, for a total transaction of C$453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares in the company, valued at approximately C$6,037,812.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,076 shares of company stock worth $1,599,180. 1.08% of the stock is owned by company insiders.
Shares of Ford Motor Company (F) traded up C$0.13 during midday trading on Monday, reaching C$12.14. 9,662,442 shares of the company were exchanged, compared to its average volume of 37,940,605. The firm has a market capitalization of $47,707.35, a price-to-earnings ratio of 7.15, a P/E/G ratio of 0.62 and a beta of 1.24. Ford Motor Company has a 1 year low of C$10.47 and a 1 year high of C$13.27. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.08 and a current ratio of 1.19.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 26th. The company reported C$0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.33 by C$0.10. The company had revenue of C$33.65 billion for the quarter, compared to analyst estimates of C$32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. Ford Motor’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS. analysts anticipate that Ford Motor Company will post 1.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be issued a $0.15 dividend. The ex-dividend date is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.94%. Ford Motor’s dividend payout ratio (DPR) is presently 54.55%.
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.
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:F).
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.