18,330 Shares in Ford Motor Company (F) Acquired by Marco Investment Management LLC
Marco Investment Management LLC bought a new position in shares of Ford Motor Company (NYSE:F) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,330 shares of the auto manufacturer’s stock, valued at approximately $219,000.
Other hedge funds have also bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in Ford Motor during the second quarter worth $106,000. Balentine LLC grew its stake in shares of Ford Motor by 4.0% in the second quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 365 shares in the last quarter. Godsey & Gibb Associates acquired a new stake in shares of Ford Motor in the second quarter valued at $117,000. Brighton Jones LLC grew its stake in shares of Ford Motor by 40.3% in the third quarter. Brighton Jones LLC now owns 19,225 shares of the auto manufacturer’s stock valued at $119,000 after buying an additional 5,518 shares in the last quarter. Finally, Affinity Wealth Management grew its stake in shares of Ford Motor by 892.4% in the second quarter. Affinity Wealth Management now owns 107,575 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 96,735 shares in the last quarter. 53.78% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Ford Motor in a research note on Monday, September 18th. Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price objective for the company. in a research note on Monday, September 4th. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, October 31st. Citigroup lifted their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Jefferies Group lifted their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. Ford Motor has a consensus rating of “Hold” and an average target price of $12.61.
Ford Motor (NYSE:F) last released its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, topping 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 firm had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same period in the previous year, the firm posted $0.26 EPS. Ford Motor’s revenue for the quarter was up .9% on a year-over-year basis. equities research analysts anticipate that Ford Motor Company will post 1.81 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, October 23rd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, October 20th. This represents a $0.60 annualized dividend and a yield of 4.77%. Ford Motor’s payout ratio is 54.55%.
In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of Ford Motor stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $12.00, for a total transaction of $300,000.00. Following the completion of the sale, the insider now directly owns 51,358 shares of the company’s stock, valued at approximately $616,296. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hau N. Thai-Tang sold 19,000 shares of Ford Motor stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total value of $237,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 76,828 shares of company stock valued at $943,045 over the last three months. 1.08% of the stock is currently owned by insiders.
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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.
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