Jacobs Levy Equity Management Inc. raised its stake in Ford Motor Co. (NYSE:F) by 52.2% during the third quarter, Holdings Channel reports. The institutional investor owned 2,342,470 shares of the auto manufacturer’s stock after buying an additional 803,580 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.06% of Ford Motor worth $28,274,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in F. LS Investment Advisors LLC increased its stake in Ford Motor by 1.4% in the second quarter. LS Investment Advisors LLC now owns 833,458 shares of the auto manufacturer’s stock valued at $10,477,000 after buying an additional 11,317 shares during the last quarter. Shell Asset Management Co. increased its stake in Ford Motor by 26.6% in the second quarter. Shell Asset Management Co. now owns 427,495 shares of the auto manufacturer’s stock valued at $5,374,000 after buying an additional 89,717 shares during the last quarter. Financial Architects Inc increased its stake 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 last quarter. Court Place Advisors LLC increased its stake in Ford Motor by 14.3% in the second quarter. Court Place Advisors LLC now owns 27,099 shares of the auto manufacturer’s stock valued at $341,000 after buying an additional 3,380 shares during the last quarter. Finally, Pitcairn Co. increased its stake in Ford Motor by 12.6% in the second quarter. Pitcairn Co. now owns 13,689 shares of the auto manufacturer’s stock valued at $172,000 after buying an additional 1,537 shares during the last quarter. 53.92% of the stock is owned by institutional investors and hedge funds.
Ford Motor Co. (NYSE:F) opened at 12.41 on Thursday. The company has a 50 day moving average price of $12.60 and a 200 day moving average price of $12.40. Ford Motor Co. has a 12 month low of $11.02 and a 12 month high of $14.22. The stock has a market capitalization of $49.31 billion, a price-to-earnings ratio of 6.86 and a beta of 1.09.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The company had revenue of $35.90 billion for the quarter, compared to analysts’ expectations of $32.70 billion. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The firm’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities research analysts predict that Ford Motor Co. will post $1.80 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Friday, January 20th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, January 18th. This represents a $0.60 annualized dividend and a dividend yield of 4.83%. Ford Motor’s dividend payout ratio is currently 33.15%.
Several analysts have recently weighed in on the company. Vetr raised Ford Motor from a “hold” rating to a “buy” rating and set a $13.50 target price for the company in a report on Tuesday, December 27th. Jefferies Group set a $10.00 price objective on Ford Motor and gave the company a “sell” rating in a research note on Saturday, November 19th. TheStreet downgraded Ford Motor from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Citigroup Inc. reaffirmed an “overweight” rating on shares of Ford Motor in a research note on Friday, October 21st. Finally, BMO Capital Markets began coverage on Ford Motor in a research note on Tuesday, December 20th. They set a “market perform” rating and a $13.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ford Motor has a consensus rating of “Hold” and an average price target of $13.63.
In other Ford Motor news, insider Hau N. Thai-Tang sold 17,499 shares of Ford Motor stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $13.25, for a total transaction of $231,861.75. Following the transaction, the insider now directly owns 31,885 shares in the company, valued at approximately $422,476.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Bradley M. Gayton sold 12,278 shares of Ford Motor stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $12.44, for a total transaction of $152,738.32. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
About Ford Motor
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.
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