North Star Investment Management Corp. raised its position in Ford Motor Co. (NYSE:F) by 8.2% during the third quarter, Holdings Channel reports. The fund owned 299,990 shares of the auto manufacturer’s stock after buying an additional 22,855 shares during the period. North Star Investment Management Corp.’s holdings in Ford Motor were worth $3,621,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. 1832 Asset Management L.P. raised its stake in Ford Motor by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock valued at $100,000 after buying an additional 1,400 shares during the period. Balentine LLC purchased a new stake in Ford Motor during the second quarter valued at about $109,000. Bellwether Investment Group LLC purchased a new stake in Ford Motor during the second quarter valued at about $109,000. Hudock Capital Group LLC raised its stake in Ford Motor by 14.9% in the second quarter. Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer’s stock valued at $116,000 after buying an additional 1,200 shares during the period. Finally, Financial Architects Inc raised its stake in Ford Motor by 232.5% in the second quarter. Financial Architects Inc now owns 9,863 shares of the auto manufacturer’s stock valued at $124,000 after buying an additional 6,897 shares during the period. 55.22% of the stock is owned by institutional investors and hedge funds.
Ford Motor Co. (NYSE:F) traded up 1.18% during trading on Friday, hitting $12.04. 11,439,553 shares of the company traded hands. The firm has a market cap of $47.84 billion, a price-to-earnings ratio of 6.65 and a beta of 1.12. Ford Motor Co. has a 52-week low of $11.02 and a 52-week high of $14.62. The company’s 50-day moving average is $11.86 and its 200 day moving average is $12.56.
Ford Motor (NYSE:F) last released its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The business had revenue of $35.90 billion for the quarter, compared to analyst estimates of $32.70 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. Ford Motor’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts anticipate that Ford Motor Co. will post $1.81 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, October 25th. This represents a $0.60 annualized dividend and a yield of 4.98%. Ford Motor’s payout ratio is presently 33.15%.
F has been the subject of several analyst reports. Vetr upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $13.10 target price for the company in a report on Monday, September 5th. Seaport Global Securities assumed coverage on shares of Ford Motor in a report on Tuesday, August 9th. They set a “buy” rating and a $20.00 price objective for the company. set a $13.00 price objective on shares of Ford Motor and gave the company a “buy” rating in a report on Tuesday, September 13th. Nomura assumed coverage on shares of Ford Motor in a report on Tuesday, September 20th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Barclays PLC reiterated an “equal weight” rating and set a $12.00 price objective (down previously from $13.00) on shares of Ford Motor in a report on Tuesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $13.77.
In related news, insider Ziad S. Ojakli sold 10,000 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $11.86, for a total transaction of $118,600.00. Following the sale, the insider now owns 503,246 shares in the company, valued at $5,968,497.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sankar S. Nair sold 82,000 shares of the company’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the sale, the insider now owns 32,969 shares in the company, valued at approximately $399,254.59. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.