Ford Motor Co. (F) Stake Raised by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. increased its stake in Ford Motor Co. (NYSE:F) by 16.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 424,124 shares of the auto manufacturer’s stock after buying an additional 60,101 shares during the period. Daiwa Securities Group Inc.’s holdings in Ford Motor were worth $5,416,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Ford Motor by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 53,945 shares of the auto manufacturer’s stock valued at $678,000 after buying an additional 241 shares in the last quarter. Trust Co raised its position in shares of Ford Motor by 51.3% in the first quarter. Trust Co now owns 71,087 shares of the auto manufacturer’s stock valued at $960,000 after buying an additional 24,100 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Ford Motor by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 3,973,767 shares of the auto manufacturer’s stock valued at $49,950,000 after buying an additional 29,549 shares in the last quarter. Stillwater Investment Management LLC raised its position in shares of Ford Motor by 1.1% in the second quarter. Stillwater Investment Management LLC now owns 90,413 shares of the auto manufacturer’s stock valued at $1,136,000 after buying an additional 1,022 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its position in shares of Ford Motor by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 1,010,029 shares of the auto manufacturer’s stock valued at $12,696,000 after buying an additional 60,800 shares in the last quarter. 54.26% of the stock is currently owned by institutional investors.
Shares of Ford Motor Co. (NYSE:F) traded up 0.34% on Wednesday, reaching $11.96. The company had a trading volume of 47,637,079 shares. The firm has a 50-day moving average price of $11.85 and a 200 day moving average price of $12.53. Ford Motor Co. has a 1-year low of $11.02 and a 1-year high of $14.62. The firm has a market capitalization of $47.53 billion, a price-to-earnings ratio of 6.61 and a beta of 1.12.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The business had revenue of $35.90 billion for the quarter, compared to analyst estimates of $32.70 billion. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. Equities research analysts predict that Ford Motor Co. will post $1.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Tuesday, October 25th. Ford Motor’s dividend payout ratio (DPR) is 33.15%.
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Several analysts have weighed in on the company. set a $13.00 price target on Ford Motor and gave the company a “buy” rating in a research note on Tuesday, September 13th. Barclays PLC reiterated an “equal weight” rating and set a $12.00 price target on shares of Ford Motor in a research note on Monday, September 12th. Vetr downgraded Ford Motor from a “buy” rating to a “hold” rating and set a $12.85 price target on the stock. in a research note on Tuesday, August 30th. Jefferies Group reiterated a “sell” rating on shares of Ford Motor in a research note on Sunday, September 4th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, August 17th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $13.77.
In related news, insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the completion of the transaction, the insider now directly owns 32,969 shares in the company, valued at approximately $399,254.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ziad S. Ojakli sold 10,000 shares of Ford Motor stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $11.86, for a total value of $118,600.00. Following the transaction, the insider now owns 503,246 shares of the company’s stock, valued at $5,968,497.56. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
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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