Raymond James Trust N.A. boosted its holdings in shares of Ford Motor (NYSE:F) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,441 shares of the auto manufacturer’s stock after acquiring an additional 6,762 shares during the quarter. Raymond James Trust N.A.’s holdings in Ford Motor were worth $541,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Kiley Juergens Wealth Management LLC acquired a new position in Ford Motor during the 2nd quarter valued at about $101,000. Credit Agricole S A increased its position in Ford Motor by 135.0% during the 2nd quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock valued at $104,000 after buying an additional 5,400 shares in the last quarter. Kaizen Advisory LLC increased its position in Ford Motor by 155.5% during the 2nd quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock valued at $108,000 after buying an additional 5,931 shares in the last quarter. TRUE Private Wealth Advisors purchased a new stake in Ford Motor during the 2nd quarter valued at about $112,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Ford Motor during the 2nd quarter valued at about $113,000. Institutional investors own 54.14% of the company’s stock.
In other Ford Motor news, VP Steven R. Armstrong sold 13,000 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $9.54, for a total transaction of $124,020.00. Following the completion of the sale, the vice president now owns 94,527 shares of the company’s stock, valued at $901,787.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ray T. Charley bought 4,000 shares of the business’s stock in a transaction on Monday, October 29th. The shares were acquired at an average cost of $12.90 per share, with a total value of $51,600.00. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by company insiders.
Several research firms have weighed in on F. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Piper Jaffray Companies reiterated a “hold” rating on shares of Ford Motor in a research note on Tuesday, July 24th. Royal Bank of Canada restated a “hold” rating and issued a $11.50 target price on shares of Ford Motor in a research note on Thursday, July 26th. UBS Group lowered their target price on Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Finally, Buckingham Research lowered their target price on Ford Motor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, July 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. Ford Motor has an average rating of “Hold” and an average target price of $11.27.
Shares of Ford Motor stock traded down $0.08 during mid-day trading on Friday, reaching $9.38. 52,202,471 shares of the stock traded hands, compared to its average volume of 58,129,960. Ford Motor has a fifty-two week low of $8.17 and a fifty-two week high of $13.48. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.21 and a quick ratio of 1.08. The stock has a market capitalization of $38.14 billion, a P/E ratio of 5.27, a PEG ratio of 1.35 and a beta of 0.68.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Ford Motor had a return on equity of 15.48% and a net margin of 3.88%. The firm had revenue of $34.66 billion during the quarter, compared to analysts’ expectations of $32.05 billion. During the same quarter last year, the firm earned $0.43 earnings per share. As a group, research analysts anticipate that Ford Motor will post 1.34 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Tuesday, October 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, October 22nd. This represents a $0.60 annualized dividend and a dividend yield of 6.40%. Ford Motor’s dividend payout ratio is presently 33.71%.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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