Credit Agricole S A reduced its position in shares of Ford Motor Company (NYSE:F) by 63.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,028,887 shares of the auto manufacturer’s stock after selling 5,213,429 shares during the period. Credit Agricole S A owned about 0.08% of Ford Motor worth $35,256,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of F. Norges Bank bought a new position in Ford Motor during the fourth quarter worth approximately $277,396,000. Diamond Hill Capital Management Inc. increased its position in Ford Motor by 5.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 14,398,915 shares of the auto manufacturer’s stock worth $167,603,000 after buying an additional 727,875 shares during the period. Swiss National Bank increased its position in Ford Motor by 27.2% in the first quarter. Swiss National Bank now owns 13,137,535 shares of the auto manufacturer’s stock worth $152,921,000 after buying an additional 2,811,700 shares during the period. Prudential Financial Inc. increased its position in Ford Motor by 8.5% in the first quarter. Prudential Financial Inc. now owns 12,164,655 shares of the auto manufacturer’s stock worth $141,597,000 after buying an additional 950,700 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Ford Motor by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,381,138 shares of the auto manufacturer’s stock worth $120,836,000 after buying an additional 53,976 shares during the period. 55.58% of the stock is owned by institutional investors and hedge funds.
Ford Motor Company (F) opened at 11.75 on Wednesday. The firm has a market capitalization of $46.79 billion, a price-to-earnings ratio of 12.51 and a beta of 1.11. Ford Motor Company has a 1-year low of $10.67 and a 1-year high of $14.04. The company has a 50 day moving average price of $11.27 and a 200-day moving average price of $11.76.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. Ford Motor had a return on equity of 19.36% and a net margin of 2.48%. The business had revenue of $36.48 billion for the quarter, compared to analyst estimates of $34.62 billion. During the same period last year, the company earned $0.68 EPS. Ford Motor’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts forecast that Ford Motor Company will post $1.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.11%. Ford Motor’s payout ratio is 64.52%.
A number of research analysts recently commented on F shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Friday, May 5th. Berenberg Bank set a $10.00 price target on Ford Motor and gave the company a “sell” rating in a research note on Monday, June 12th. Nomura reaffirmed a “buy” rating and issued a $14.80 price target on shares of Ford Motor in a research note on Tuesday, May 2nd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Friday, June 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Monday, May 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.43.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares in the company, valued at approximately $4,781,066.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.08% of the stock is owned by company 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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