Benjamin Edwards Inc. reduced its position in shares of Ford Motor Company (NYSE:F - Free Report) by 32.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 147,264 shares of the auto manufacturer's stock after selling 71,440 shares during the quarter. Benjamin Edwards Inc.'s holdings in Ford Motor were worth $1,477,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Ford Motor by 13.8% during the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock valued at $4,590,333,000 after purchasing an additional 55,576,478 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Ford Motor by 8.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer's stock worth $1,404,741,000 after buying an additional 10,947,527 shares during the period. Pacer Advisors Inc. grew its position in shares of Ford Motor by 6,915.1% in the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock worth $492,253,000 after buying an additional 48,378,444 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Ford Motor by 11.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock worth $460,444,000 after buying an additional 4,925,993 shares during the period. Finally, Northern Trust Corp grew its position in shares of Ford Motor by 11.0% in the 4th quarter. Northern Trust Corp now owns 37,314,829 shares of the auto manufacturer's stock worth $369,417,000 after buying an additional 3,699,857 shares during the period. 58.74% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. JPMorgan Chase & Co. raised their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. UBS Group raised their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. The Goldman Sachs Group raised their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada raised their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 5th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $10.53.
View Our Latest Report on F
Ford Motor Price Performance
Shares of Ford Motor stock traded up $0.01 on Thursday, hitting $11.45. 52,432,993 shares of the company traded hands, compared to its average volume of 100,602,953. The stock has a market capitalization of $45.55 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 3.25 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. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.97. The business has a 50-day simple moving average of $11.07 and a 200 day simple moving average of $10.28.
Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same period last year, the firm posted $0.47 earnings per share. Ford Motor's revenue for the quarter was up 5.0% compared to the same quarter last year. Research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.
Ford Motor Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor's dividend payout ratio (DPR) is currently 76.92%.
Insider Buying and Selling
In other news, insider Andrew Frick sold 30,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was 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 of the company's stock, valued at approximately $1,253,329. This represents a 20.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by corporate insiders.
About Ford Motor
(
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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