Hexavest Inc. reduced its stake in shares of Ford Motor Co. (NYSE:F) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,864,646 shares of the auto manufacturer’s stock after selling 226,164 shares during the period. Hexavest Inc.’s holdings in Ford Motor were worth $34,576,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. increased its position 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 position in Ford Motor during the second quarter valued at $109,000. Bellwether Investment Group LLC purchased a new position in Ford Motor during the second quarter valued at $109,000. Hudock Capital Group LLC increased its position 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 increased its position 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. Institutional investors and hedge funds own 55.22% of the company’s stock.
Ford Motor Co. (NYSE:F) traded up 1.18% during mid-day trading on Friday, hitting $12.04. The stock had a trading volume of 11,439,553 shares. The firm has a market cap of $47.84 billion, a PE ratio of 6.65 and a beta of 1.12. Ford Motor Co. has a 12-month low of $11.02 and a 12-month high of $14.62. The company has a 50-day moving average of $11.86 and a 200-day moving average of $12.56.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $35.90 billion for the quarter, compared to analyst estimates of $32.70 billion. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The business’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. Analysts expect that Ford Motor Co. will post $1.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Tuesday, October 25th. Ford Motor’s dividend payout ratio (DPR) is currently 33.15%.
F has been the topic of a number of analyst reports. Jefferies Group reiterated a “sell” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Wednesday, August 17th. Daiwa Capital Markets downgraded Ford Motor from a “neutral” rating to an “underperform” rating in a research report on Monday, August 1st. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.48 price objective on the stock. in a research report on Monday, November 14th. Bank of America Corp. reiterated a “neutral” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, September 14th. Finally, Zacks Investment Research upgraded Ford Motor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Ford Motor currently has an average rating of “Hold” and a consensus target price of $13.77.
In related news, insider Sankar S. Nair sold 82,000 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the transaction, the insider now directly owns 32,969 shares of the company’s stock, valued at approximately $399,254.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ziad S. Ojakli sold 10,000 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 503,246 shares in the company, valued at $5,968,497.56. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate 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.