Tokio Marine Asset Management Co. Ltd. acquired a new stake in Ford Motor (NYSE:F) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 10,813 shares of the auto manufacturer’s stock, valued at approximately $111,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Motco grew its stake in Ford Motor by 1,162.6% during the first quarter. Motco now owns 2,904 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 2,674 shares in the last quarter. JNBA Financial Advisors grew its stake in Ford Motor by 100.0% during the first quarter. JNBA Financial Advisors now owns 3,000 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 1,500 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in Ford Motor during the first quarter worth about $27,000. Berman Capital Advisors LLC grew its stake in Ford Motor by 46.6% during the first quarter. Berman Capital Advisors LLC now owns 3,553 shares of the auto manufacturer’s stock worth $31,000 after buying an additional 1,130 shares in the last quarter. Finally, WP Advisors LLC acquired a new stake in Ford Motor during the first quarter worth about $32,000. 52.36% of the stock is currently owned by institutional investors.
Shares of F traded down $0.02 during mid-day trading on Wednesday, reaching $9.48. The company had a trading volume of 650,174 shares, compared to its average volume of 44,100,080. The business’s 50 day moving average price is $9.98. Ford Motor has a 1-year low of $7.41 and a 1-year high of $10.56. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 2.86. The company has a market cap of $37.03 billion, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 1.00 and a beta of 1.13.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Ford Motor had a net margin of 1.37% and a return on equity of 14.92%. The company had revenue of $35.91 billion for the quarter, compared to the consensus estimate of $35.21 billion. During the same period last year, the company posted $0.27 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts anticipate that Ford Motor will post 1.27 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, July 23rd will be paid a $0.15 dividend. The ex-dividend date is Monday, July 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.33%. Ford Motor’s payout ratio is currently 46.15%.
In other Ford Motor news, Chairman William Clay Ford, Jr. bought 840,962 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $9.51 per share, for a total transaction of $7,997,548.62. Following the transaction, the chairman now directly owns 1,100,617 shares in the company, valued at $10,466,867.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James D. Farley, Jr. sold 45,000 shares of Ford Motor stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $9.56, for a total transaction of $430,200.00. Following the sale, the insider now owns 541,753 shares in the company, valued at $5,179,158.68. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 871,162 shares of company stock worth $8,296,811 and sold 115,000 shares worth $1,137,650. Company insiders own 0.83% of the company’s stock.
A number of brokerages have issued reports on F. Bank of America upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $14.00 in a research note on Friday, May 10th. BMO Capital Markets increased their price objective on shares of Ford Motor from $8.50 to $10.00 and gave the stock a “market perform” rating in a research note on Monday, May 6th. ValuEngine downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Royal Bank of Canada reiterated a “neutral” rating and set a $10.50 price objective on shares of Ford Motor in a research note on Thursday, July 25th. Finally, Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, April 30th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.48.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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