Ford Motor Company (F) Shares Bought by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC increased its holdings in Ford Motor Company (NYSE:F) by 22.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 666,304 shares of the auto manufacturer’s stock after purchasing an additional 120,003 shares during the period. Janney Montgomery Scott LLC’s holdings in Ford Motor were worth $7,976,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of F. Captrust Financial Advisors bought a new stake in Ford Motor in the 2nd quarter worth approximately $106,000. Balentine LLC increased its stake in Ford Motor by 4.0% in the 2nd quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock worth $106,000 after acquiring an additional 365 shares during the last quarter. Godsey & Gibb Associates bought a new stake in Ford Motor in the 2nd quarter worth approximately $117,000. Brighton Jones LLC increased its stake in Ford Motor by 40.3% in the 3rd quarter. Brighton Jones LLC now owns 19,225 shares of the auto manufacturer’s stock worth $119,000 after acquiring an additional 5,518 shares during the last quarter. Finally, Affinity Wealth Management increased its stake in Ford Motor by 892.4% in the 2nd quarter. Affinity Wealth Management now owns 107,575 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 96,735 shares during the last quarter. 53.78% of the stock is currently owned by institutional investors.
F has been the topic of a number of research reports. Vetr raised Ford Motor from a “hold” rating to a “buy” rating and set a $13.24 price objective on the stock in a research note on Friday, October 13th. 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. Zacks Investment Research downgraded Ford Motor from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, BidaskClub raised Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.61.
Ford Motor (NYSE:F) last released its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.10. The firm had revenue of $33.65 billion for the quarter, compared to the consensus estimate of $32.80 billion. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. research analysts expect that Ford Motor Company will post 1.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 23rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.73%. The ex-dividend date was Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is presently 54.55%.
In other Ford Motor news, insider Steven R. Armstrong sold 22,076 shares of the company’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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $12.00, for a total value of $300,000.00. Following the completion of the transaction, the insider now directly owns 51,358 shares in the company, valued at approximately $616,296. The disclosure for this sale can be found here. Insiders sold a total of 76,828 shares of company stock worth $943,045 in the last ninety days. 1.08% of the stock is currently owned by corporate insiders.
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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