Telos Capital Management Inc. decreased its stake in Ford Motor Co. (NYSE:F) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,353 shares of the auto manufacturer’s stock after selling 2,523 shares during the period. Telos Capital Management Inc.’s holdings in Ford Motor were worth $1,441,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in F. 1832 Asset Management L.P. increased its stake in shares of 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 last quarter. Bellwether Investment Group LLC purchased a new stake in shares of Ford Motor during the second quarter worth approximately $109,000. Balentine LLC purchased a new stake in shares of Ford Motor during the second quarter worth approximately $109,000. Hudock Capital Group LLC increased its stake in shares of Ford Motor by 14.9% in the second quarter. Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer’s stock worth $116,000 after buying an additional 1,200 shares in the last quarter. Finally, Reilly Financial Advisors LLC increased its stake in shares of Ford Motor by 2.1% in the third quarter. Reilly Financial Advisors LLC now owns 9,684 shares of the auto manufacturer’s stock worth $117,000 after buying an additional 200 shares in the last quarter. Institutional investors own 54.26% of the company’s stock.
Ford Motor Co. (NYSE:F) traded down 0.872% on Monday, hitting $11.935. The stock had a trading volume of 12,420,785 shares. The company has a market capitalization of $47.43 billion, a PE ratio of 6.594 and a beta of 1.12. The company has a 50 day moving average of $11.86 and a 200 day moving average of $12.56. Ford Motor Co. has a 12-month low of $11.02 and a 12-month high of $14.62.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. Ford Motor had a net margin of 4.80% and a return on equity of 26.97%. The business 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 business earned $0.45 earnings per share. The company’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts expect that Ford Motor Co. will post $1.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $0.60 annualized dividend and a yield of 4.98%. Ford Motor’s dividend payout ratio is currently 33.15%.
F has been the subject of a number of research reports. Daiwa Capital Markets downgraded Ford Motor from a “neutral” rating to an “underperform” rating in a research report on Monday, August 1st. Barclays PLC reiterated an “equal weight” rating and issued a $12.00 price objective (down previously from $13.00) on shares of Ford Motor in a research report on Tuesday, August 2nd. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.41 price objective for the company in a research report on Wednesday, August 3rd. Jefferies Group initiated coverage on Ford Motor in a research report on Tuesday, August 9th. They issued an “underperform” rating and a $10.00 price objective for the company. Finally, Seaport Global Securities initiated coverage on Ford Motor in a research report on Tuesday, August 9th. They issued a “buy” rating and a $20.00 price objective for the company. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $13.77.
In other Ford Motor news, insider Ziad S. Ojakli sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $11.86, for a total transaction of $118,600.00. Following the completion of the transaction, the insider now directly owns 503,246 shares in the company, valued at $5,968,497.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total transaction of $993,020.00. Following the transaction, the insider now owns 32,969 shares of the company’s stock, valued at $399,254.59. The disclosure for this sale can be found here. Company 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.