Midas Management Corp continued to hold its position in shares of Ford Motor Co. (NYSE:F) during the second quarter, Holdings Channel reports. The fund owned 120,000 shares of the auto manufacturer’s stock at the end of the second quarter. Midas Management Corp’s holdings in Ford Motor were worth $1,508,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of F. Greenleaf Trust raised its position in shares of Ford Motor by 6.2% in the second quarter. Greenleaf Trust now owns 17,014 shares of the auto manufacturer’s stock valued at $214,000 after buying an additional 1,000 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Ford Motor by 9.9% in the second quarter. Quadrant Capital Group LLC now owns 14,644 shares of the auto manufacturer’s stock valued at $174,000 after buying an additional 1,324 shares in the last quarter. ClariVest Asset Management LLC raised its position in shares of Ford Motor by 21.1% in the second quarter. ClariVest Asset Management LLC now owns 53,294 shares of the auto manufacturer’s stock valued at $670,000 after buying an additional 9,269 shares in the last quarter. Diligent Investors LLC raised its position in shares of Ford Motor by 6.1% in the second quarter. Diligent Investors LLC now owns 28,124 shares of the auto manufacturer’s stock valued at $354,000 after buying an additional 1,624 shares in the last quarter. Finally, SignalPoint Asset Management LLC raised its position in shares of Ford Motor by 1.9% in the second quarter. SignalPoint Asset Management LLC now owns 88,507 shares of the auto manufacturer’s stock valued at $1,113,000 after buying an additional 1,666 shares in the last quarter. Hedge funds and other institutional investors own 56.06% of the company’s stock.
Ford Motor Co. (NYSE:F) traded down 0.25% during trading on Monday, reaching $11.88. The company’s stock had a trading volume of 19,874,994 shares. Ford Motor Co. has a 12 month low of $11.02 and a 12 month high of $15.84. The stock’s 50-day moving average is $12.24 and its 200 day moving average is $12.84. The company has a market cap of $47.20 billion, a P/E ratio of 5.60 and a beta of 1.27.
Ford Motor (NYSE:F) last released its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. The company earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, equities analysts forecast that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Tuesday, October 25th. Ford Motor’s payout ratio is 29.27%.
A number of equities research analysts have weighed in on the company. Jefferies Group reaffirmed a “sell” rating on shares of Ford Motor in a report on Sunday, September 4th. Barclays PLC reaffirmed an “equal weight” rating and set a $13.00 price objective (down from $14.00) on shares of Ford Motor in a report on Tuesday, July 19th. Nomura assumed coverage on Ford Motor in a report on Tuesday, September 20th. They set a “buy” rating and a $14.00 price objective on the stock. Credit Agricole SA decreased their price objective on Ford Motor from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $13.00 price objective on shares of Ford Motor in a report on Friday, September 16th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $14.06.
In related news, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at $306,500. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total transaction of $993,020.00. Following the completion of the transaction, the insider now owns 32,969 shares in the company, valued at $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
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.