Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 15.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 622,092 shares of the auto manufacturer's stock after selling 111,352 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Ford Motor were worth $6,241,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in F. Grove Bank & Trust boosted its stake in shares of Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 1,882 shares during the period. Elite Financial Inc. purchased a new stake in Ford Motor in the first quarter worth about $27,000. Olde Wealth Management LLC purchased a new stake in Ford Motor in the first quarter worth about $28,000. MorganRosel Wealth Management LLC purchased a new stake in Ford Motor in the first quarter worth about $30,000. Finally, Spurstone Advisory Services LLC purchased a new stake in Ford Motor in the fourth quarter worth about $31,000. 58.74% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, insider Andrew Frick sold 30,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the transaction, the insider owned 113,939 shares in the company, valued at $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.48% of the stock is currently owned by company insiders.
Ford Motor Stock Performance
Shares of Ford Motor stock opened at $11.4950 on Thursday. The company has a market capitalization of $45.75 billion, a PE ratio of 14.74, a P/E/G ratio of 3.35 and a beta of 1.48. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The company has a 50-day simple moving average of $11.18 and a two-hundred day simple moving average of $10.32. Ford Motor Company has a one year low of $8.44 and a one year high of $11.97.
Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. The business had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm's revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Research analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.
Ford Motor Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. Ford Motor's dividend payout ratio is 76.92%.
Analyst Ratings Changes
A number of analysts recently weighed in on F shares. JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Citigroup upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Dbs Bank lowered shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Jefferies Financial Group upped their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Ford Motor presently has a consensus rating of "Reduce" and a consensus target price of $10.53.
Check Out Our Latest Analysis on Ford Motor
Ford Motor Company Profile
(
Free Report)
Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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