Ford Motor Company (F) Holdings Increased by Russell Investments Group Ltd.
Russell Investments Group Ltd. raised its holdings in shares of Ford Motor Company (NYSE:F) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,625,081 shares of the auto manufacturer’s stock after purchasing an additional 213,604 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Ford Motor worth $31,420,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Ford Motor by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 264,421,059 shares of the auto manufacturer’s stock valued at $2,958,871,000 after buying an additional 2,491,009 shares during the period. BlackRock Inc. raised its holdings in Ford Motor by 2.4% in the 2nd quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock worth $2,624,814,000 after purchasing an additional 5,562,630 shares during the period. State Street Corp raised its holdings in Ford Motor by 2.5% in 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 during the period. Franklin Resources Inc. raised its holdings in Ford Motor by 5.7% in the 2nd quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after purchasing an additional 4,706,379 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Ford Motor by 10.8% in the 1st quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer’s stock worth $475,306,000 after purchasing an additional 3,978,850 shares during the period. Institutional investors and hedge funds own 53.39% of the company’s stock.
Ford Motor Company (F) opened at $12.07 on Thursday. The company has a market capitalization of $48,144.30, a PE ratio of 7.21, a P/E/G ratio of 0.63 and a beta of 1.24. Ford Motor Company has a 12-month low of $10.47 and a 12-month high of $13.27. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The business had revenue of $33.65 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. analysts expect that Ford Motor Company will post 1.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, October 20th. This represents a $0.60 annualized dividend and a dividend yield of 4.97%. Ford Motor’s dividend payout ratio (DPR) is presently 54.55%.
In other news, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the sale, the insider now owns 532,435 shares of the company’s stock, valued at $6,037,812.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $287,500.00. Following the sale, the insider now directly owns 76,358 shares of the company’s stock, valued at approximately $878,117. The disclosure for this sale can be found here. Insiders have sold 137,076 shares of company stock valued at $1,599,180 in the last 90 days. Company insiders own 1.08% of the company’s stock.
A number of equities analysts recently commented on F shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a report on Friday, July 28th. BidaskClub cut Ford Motor from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research raised Ford Motor from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Nomura reaffirmed a “neutral” rating and issued a $11.60 target price (down from $14.00) on shares of Ford Motor in a report on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “neutral” rating on shares of Ford Motor in a report on Monday, August 7th. Three research 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. The stock presently has an average rating of “Hold” and a consensus price target of $12.63.
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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.
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