Culbertson A N & Co. Inc. raised its position in shares of Ford Motor Co. (NYSE:F) by 10.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,785 shares of the auto manufacturer’s stock after buying an additional 13,730 shares during the period. Culbertson A N & Co. Inc.’s holdings in Ford Motor were worth $1,711,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Ford Motor by 3.8% in the second quarter. Vanguard Group Inc. now owns 244,456,762 shares of the auto manufacturer’s stock valued at $3,072,821,000 after buying an additional 8,920,917 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Ford Motor by 2.9% in the second quarter. BlackRock Fund Advisors now owns 45,632,847 shares of the auto manufacturer’s stock valued at $573,605,000 after buying an additional 1,265,872 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Ford Motor by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 34,862,832 shares of the auto manufacturer’s stock valued at $438,231,000 after buying an additional 953,271 shares during the period. BlackRock Group LTD increased its stake in shares of Ford Motor by 1.1% in the second quarter. BlackRock Group LTD now owns 32,225,481 shares of the auto manufacturer’s stock valued at $405,073,000 after buying an additional 345,115 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Ford Motor by 17.5% in the second quarter. Ameriprise Financial Inc. now owns 30,706,144 shares of the auto manufacturer’s stock valued at $385,950,000 after buying an additional 4,582,387 shares during the period. Institutional investors own 55.22% of the company’s stock.
Ford Motor Co. (NYSE:F) traded up 1.18% during trading on Friday, reaching $12.04. The company had a trading volume of 11,439,553 shares. The company has a 50-day moving average of $11.86 and a 200-day moving average of $12.56. The firm has a market capitalization of $47.84 billion, a P/E 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.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, beating the Zacks’ 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 company earned $35.90 billion during the quarter, compared to the consensus estimate of $32.70 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. Ford Motor’s quarterly revenue was down 6.9% compared to the same quarter last year. Analysts expect that Ford Motor Co. will post $1.81 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. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $0.60 dividend on an annualized basis and a yield of 4.98%. Ford Motor’s payout ratio is currently 33.15%.
Several equities research analysts have weighed in on the company. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.12 price target on the stock. in a report on Tuesday, November 22nd. Berenberg Bank assumed coverage on Ford Motor in a report on Tuesday, November 22nd. They set a “sell” rating and a $10.00 price target on the stock. Jefferies Group set a $10.00 price target on Ford Motor and gave the stock a “sell” rating in a report on Saturday, November 19th. TheStreet downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. Finally, Zacks Investment Research upgraded Ford Motor from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 2nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.77.
In other news, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was 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 directly owns 32,969 shares in the company, valued at $399,254.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ziad S. Ojakli sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $11.86, for a total value of $118,600.00. Following the transaction, the insider now owns 503,246 shares of the company’s stock, valued at $5,968,497.56. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Ford Motor Company Profile
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.