United Services Automobile Association reduced its stake in shares of Ford Motor Company (NYSE:F) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,659,045 shares of the auto manufacturer’s stock after selling 86,212 shares during the period. United Services Automobile Association owned 0.07% of Ford Motor worth $30,951,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in F. Massey Quick & Co. LLC bought a new position in shares of Ford Motor during the first quarter worth approximately $475,000. Jones Financial Companies Lllp acquired a new stake in Ford Motor during the first quarter worth approximately $178,000. Municipal Employees Retirement System of Michigan increased its stake in Ford Motor by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 125,940 shares of the auto manufacturer’s stock worth $1,466,000 after buying an additional 810 shares in the last quarter. LMR Partners LLP acquired a new stake in Ford Motor during the first quarter worth approximately $1,810,000. Finally, BB&T Securities LLC increased its stake in Ford Motor by 1.0% in the first quarter. BB&T Securities LLC now owns 2,996,916 shares of the auto manufacturer’s stock worth $34,883,000 after buying an additional 30,102 shares in the last quarter. Institutional investors and hedge funds own 55.50% of the company’s stock.
Shares of Ford Motor Company (NYSE:F) opened at 11.17 on Friday. Ford Motor Company has a 1-year low of $10.67 and a 1-year high of $13.27. The stock has a market capitalization of $44.48 billion, a P/E ratio of 11.90 and a beta of 1.11. The firm’s 50-day moving average price is $11.31 and its 200 day moving average price is $11.71.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same period in the prior year, the business earned $0.52 earnings per share. Ford Motor’s quarterly revenue was down .5% on a year-over-year basis. Analysts expect that Ford Motor Company will post $1.67 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be issued a $0.15 dividend. The ex-dividend date is Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.37%. Ford Motor’s dividend payout ratio is currently 63.16%.
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A number of equities research analysts have commented on the company. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price on the stock. in a research report on Tuesday, July 4th. BidaskClub raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Nomura reaffirmed a “buy” rating and issued a $14.80 price objective on shares of Ford Motor in a research note on Tuesday, May 2nd. Zacks Investment Research raised Ford Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 24th. Finally, Wolfe Research assumed coverage on Ford Motor in a research note on Tuesday, June 13th. They issued a “market perform” rating for the company. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.38.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares in the company, valued at $4,781,066.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.08% of the company’s stock.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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