Deprince Race & Zollo Inc. grew its position in shares of Ford Motor Company (NYSE:F) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,838,912 shares of the auto manufacturer’s stock after buying an additional 30,057 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.07% of Ford Motor worth $31,767,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the business. Balentine LLC grew its stake in shares of Ford Motor by 2.6% during the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after purchasing an additional 231 shares during the last quarter. Archford Capital Strategies LLC grew its stake in shares of Ford Motor by 7.8% during the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after purchasing an additional 676 shares during the last quarter. Reilly Financial Advisors LLC grew its stake in shares of Ford Motor by 1.5% during the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after purchasing an additional 150 shares during the last quarter. FNY Managed Accounts LLC grew its stake in shares of Ford Motor by 0.3% during the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after purchasing an additional 34 shares during the last quarter. Finally, Kelman Lazarov Inc. bought a new stake in shares of Ford Motor during the second quarter valued at approximately $116,000. 54.35% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on F shares. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price target on the stock. in a research note on Wednesday, May 31st. Wolfe Research began coverage on shares of Ford Motor in a report on Tuesday, June 13th. They issued a “market perform” rating on the stock. Berenberg Bank set a $10.00 price objective on shares of Ford Motor and gave the company a “sell” rating in a report on Monday, August 14th. BidaskClub upgraded shares of Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $12.46.
In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares in the company, valued at approximately $6,037,812.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was 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 quarter, insiders have sold 170,624 shares of company stock valued at $1,912,964. 1.08% of the stock is currently owned by corporate insiders.
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Ford Motor Company (F) opened at 11.66 on Wednesday. The stock has a 50 day moving average of $11.06 and a 200-day moving average of $11.32. The company has a market cap of $46.31 billion, a P/E ratio of 12.27 and a beta of 1.12. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27. Ford Motor also was the target of some unusual options trading on Monday. Stock traders purchased 14,678 put options on the company. This represents an increase of 104% compared to the average daily volume of 7,211 put options.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Equities research analysts expect that Ford Motor Company will post $1.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.12%. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
Ford Motor 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.
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