Edgar Lomax Co. VA Has $5.14 Million Stock Position in Ford Motor Company $F

Key Points

• Edgar Lomax Co. VA has cut its stake in Ford Motor Company by 81.1%, now holding 512,375 shares worth approximately $5.14 million.
• Ford recently reported a quarterly earnings per share (EPS) of $0.37, surpassing estimates, while the company's revenue climbed to $50.18 billion, exceeding analyst predictions.
• Ford has announced a quarterly dividend of $0.15 for investors, reflecting an annualized dividend yield of 5.2%.

Edgar Lomax Co. VA reduced its holdings in Ford Motor Company (NYSE:F - Free Report) by 81.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 512,375 shares of the auto manufacturer's stock after selling 2,204,660 shares during the quarter. Edgar Lomax Co. VA's holdings in Ford Motor were worth $5,139,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Grove Bank & Trust boosted its stake in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after acquiring an additional 1,882 shares in the last quarter. Elite Financial Inc. bought a new position in Ford Motor during the first quarter worth $27,000. Olde Wealth Management LLC bought a new position in Ford Motor during the first quarter worth $28,000. MorganRosel Wealth Management LLC bought a new position in Ford Motor during the first quarter worth $30,000. Finally, Spurstone Advisory Services LLC bought a new position in Ford Motor during the fourth quarter worth $31,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $11.44 on Monday. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.97. The firm has a market cap of $45.53 billion, a PE ratio of 14.67, a PEG ratio of 3.30 and a beta of 1.48. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The company has a 50 day simple moving average of $11.12 and a two-hundred day simple moving average of $10.30.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same period in the previous year, the business posted $0.47 earnings per share. Ford Motor's revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced 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 dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor's payout ratio is presently 76.92%.

Analyst Upgrades and Downgrades

F has been the topic of several research reports. 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 report on Wednesday, May 7th. 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 report on Monday, July 21st. The Goldman Sachs Group upped their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $10.53.

Insider Activity at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the insider directly owned 113,939 shares of the company's stock, valued at $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by insiders.

About Ford Motor

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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