Partners Value Investments LP acquired a new stake in shares of Ford Motor Company (NYSE:F) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 820,000 shares of the auto manufacturer’s stock, valued at approximately $9,545,000. Ford Motor makes up about 1.6% of Partners Value Investments LP’s holdings, making the stock its 9th largest position.
Other institutional investors have also recently made changes to their positions in the company. Argent Trust Co boosted its position in shares of Ford Motor by 0.3% in the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock valued at $131,000 after buying an additional 30 shares in the last quarter. Rockland Trust Co. raised its stake in shares of Ford Motor by 0.4% in the first quarter. Rockland Trust Co. now owns 41,051 shares of the auto manufacturer’s stock valued at $478,000 after buying an additional 159 shares during the last quarter. Hanson McClain Inc. raised its stake in shares of Ford Motor by 0.6% in the first quarter. Hanson McClain Inc. now owns 27,656 shares of the auto manufacturer’s stock valued at $322,000 after buying an additional 164 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Ford Motor by 1.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,520 shares of the auto manufacturer’s stock valued at $231,000 after buying an additional 196 shares during the last quarter. Finally, Alpha Windward LLC raised its stake in shares of Ford Motor by 1.5% in the first quarter. Alpha Windward LLC now owns 14,079 shares of the auto manufacturer’s stock valued at $164,000 after buying an additional 213 shares during the last quarter. 55.58% of the stock is currently owned by institutional investors.
Ford Motor Company (NYSE F) opened at 11.70 on Friday. The firm has a market cap of $46.59 billion, a price-to-earnings ratio of 12.46 and a beta of 1.11. Ford Motor Company has a 52-week low of $10.67 and a 52-week high of $13.99. The company has a 50 day moving average price of $11.31 and a 200-day moving average price of $11.76. Ford Motor also was the target of some unusual options trading on Wednesday. Stock traders bought 74,719 call options on the company. This represents an increase of approximately 425% compared to the average daily volume of 14,224 call options.
Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, April 27th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $34.62 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Equities research analysts anticipate that Ford Motor Company will post $1.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.13%. Ford Motor’s dividend payout ratio (DPR) is currently 64.52%.
Several brokerages have commented on F. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.60 target price on the stock in a research report on Thursday, July 6th. BidaskClub upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Jefferies Group LLC restated a “hold” rating and set a $12.00 target price on shares of Ford Motor in a research report on Monday, May 22nd. Berenberg Bank set a $10.00 target price on shares of Ford Motor and gave the stock a “sell” rating in a research report on Monday, June 12th. Finally, Tigress Financial restated a “buy” rating on shares of Ford Motor in a research report on Thursday, March 30th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.43.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the sale, the insider now directly owns 428,411 shares in the company, valued at $4,781,066.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is 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.
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.