Intersect Capital LLC Takes Position in Ford Motor Company (F)

Intersect Capital LLC bought a new stake in shares of Ford Motor Company (NYSE:F) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 54,190 shares of the auto manufacturer’s stock, valued at approximately $606,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Acadian Asset Management LLC increased its stake in Ford Motor by 130.3% in the 1st quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock worth $450,000 after acquiring an additional 21,879 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Ford Motor by 3.2% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 2,150,436 shares of the auto manufacturer’s stock worth $25,031,000 after acquiring an additional 66,800 shares during the last quarter. Bridge Creek Capital Management LLC increased its stake in Ford Motor by 2.7% in the 1st quarter. Bridge Creek Capital Management LLC now owns 228,760 shares of the auto manufacturer’s stock worth $2,663,000 after acquiring an additional 6,050 shares during the last quarter. North Star Investment Management Corp. increased its stake in Ford Motor by 12.2% in the 1st quarter. North Star Investment Management Corp. now owns 173,318 shares of the auto manufacturer’s stock worth $2,017,000 after acquiring an additional 18,820 shares during the last quarter. Finally, BB&T Corp increased its stake in Ford Motor by 2.6% in the 1st quarter. BB&T Corp now owns 565,715 shares of the auto manufacturer’s stock worth $6,585,000 after acquiring an additional 14,117 shares during the last quarter. 54.34% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://ledgergazette.com/2017/09/17/intersect-capital-llc-takes-position-in-ford-motor-company-f.html.

Ford Motor Company (NYSE F) opened at 11.62 on Friday. The company has a market capitalization of $46.15 billion, a price-to-earnings ratio of 12.23 and a beta of 1.12. The stock has a 50 day moving average price of $11.03 and a 200 day moving average price of $11.35. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. During the same period last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts expect that Ford Motor Company will post $1.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.16%. Ford Motor’s dividend payout ratio is currently 63.16%.

A number of analysts have issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Ford Motor in a research note on Sunday, September 10th. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price objective on the stock. in a research note on Monday, September 4th. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Buckingham Research reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Ford Motor in a research note on Thursday, August 24th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $12.51.

In related news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction on Monday, September 11th. The stock was sold at an average price of $11.40, for a total value of $285,000.00. Following the completion of the transaction, the insider now directly owns 403,411 shares in the company, valued at $4,598,885.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 170,624 shares of company stock valued at $1,912,964. Company insiders own 1.08% of the company’s stock.

Ford Motor Company Profile

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.

Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:F).

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

Receive News & Ratings for Ford Motor Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply