Sumitomo Mitsui Trust Holdings Inc. Boosts Stake in Ford Motor Company (F)
Sumitomo Mitsui Trust Holdings Inc. increased its position in Ford Motor Company (NYSE:F) by 0.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,641,498 shares of the auto manufacturer’s stock after purchasing an additional 79,036 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.27% of Ford Motor worth $127,379,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Balentine LLC increased its position in Ford Motor by 2.6% during 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 during the period. Archford Capital Strategies LLC increased its position in Ford Motor by 7.8% during 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 during the period. Captrust Financial Advisors acquired a new position in Ford Motor during the 2nd quarter worth approximately $106,000. Reilly Financial Advisors LLC increased its position in Ford Motor by 1.5% during 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 during the period. Finally, FNY Managed Accounts LLC increased its position in Ford Motor by 0.3% during the 1st quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock worth $120,000 after purchasing an additional 34 shares during the period. 54.31% of the stock is owned by institutional investors and hedge funds.
In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of Ford Motor stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total value of $287,500.00. Following the transaction, the insider now owns 76,358 shares in the company, valued at $878,117. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the transaction, the insider now owns 532,435 shares in the company, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. Insiders sold 137,076 shares of company stock worth $1,599,180 in the last 90 days. 1.08% of the stock is owned by company insiders.
A number of research firms recently issued reports on F. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 target price on the stock in a research note on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Friday, July 28th. BidaskClub lowered Ford Motor from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Nomura reaffirmed a “neutral” rating and issued a $11.60 target price (down previously from $14.00) on shares of Ford Motor in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $12.63.
Shares of Ford Motor Company (NYSE F) traded down $0.01 during trading hours on Wednesday, hitting $12.01. 18,727,181 shares of the company’s stock traded hands, compared to its average volume of 37,851,621. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27. The firm has a market capitalization of $47,650.00, a price-to-earnings ratio of 7.24, a P/E/G ratio of 0.63 and a beta of 1.25. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, beating the consensus estimate of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The company had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same quarter last year, the business earned $0.26 earnings per share. Ford Motor’s revenue was up .9% compared to the same quarter last year. sell-side analysts anticipate that Ford Motor Company will post 1.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be paid a $0.15 dividend. The ex-dividend date is Friday, October 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.00%. Ford Motor’s payout ratio is currently 54.55%.
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.
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.