TD Asset Management Inc. Has $29,397,000 Position in Ford Motor Co. (F)
TD Asset Management Inc. reduced its position in Ford Motor Co. (NYSE:F) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,435,539 shares of the auto manufacturer’s stock after selling 19,108 shares during the period. TD Asset Management Inc.’s holdings in Ford Motor were worth $29,397,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of F. Capital World Investors increased its stake in shares of Ford Motor by 139.8% in the second quarter. Capital World Investors now owns 19,245,000 shares of the auto manufacturer’s stock worth $241,910,000 after buying an additional 11,220,000 shares during the last quarter. Vanguard Group Inc. boosted its position in Ford Motor by 3.8% in the second quarter. Vanguard Group Inc. now owns 244,456,762 shares of the auto manufacturer’s stock worth $3,072,821,000 after buying an additional 8,920,917 shares during the period. Ameriprise Financial Inc. boosted its position in Ford Motor by 17.5% in the second quarter. Ameriprise Financial Inc. now owns 30,706,144 shares of the auto manufacturer’s stock worth $385,950,000 after buying an additional 4,582,387 shares during the period. Columbus Circle Investors purchased a new position in Ford Motor during the second quarter worth $56,640,000. Finally, Cornerstone Investment Partners LLC boosted its position in Ford Motor by 2,505.4% in the second quarter. Cornerstone Investment Partners LLC now owns 4,637,695 shares of the auto manufacturer’s stock worth $58,296,000 after buying an additional 4,459,691 shares during the period. 54.26% of the stock is owned by institutional investors and hedge funds.
Ford Motor Co. (NYSE:F) traded up 0.378% during trading on Tuesday, hitting $11.965. 3,792,103 shares of the stock were exchanged. The stock has a market cap of $47.55 billion, a P/E ratio of 6.610 and a beta of 1.12. Ford Motor Co. has a 12 month low of $11.02 and a 12 month high of $14.62. The stock’s 50 day moving average price is $11.85 and its 200 day moving average price is $12.53.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The firm had revenue of $35.90 billion for the quarter, compared to the consensus estimate of $32.70 billion. Ford Motor had a net margin of 4.80% and a return on equity of 26.97%. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. Analysts forecast that Ford Motor Co. will post $1.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Tuesday, October 25th. Ford Motor’s dividend payout ratio (DPR) is presently 33.15%.
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F has been the topic of a number of analyst reports. Vetr upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $13.10 target price on the stock in a research note on Monday, September 5th. Seaport Global Securities initiated coverage on shares of Ford Motor in a research note on Tuesday, August 9th. They set a “buy” rating and a $20.00 target price on the stock. set a $13.00 target price on shares of Ford Motor and gave the company a “buy” rating in a research note on Tuesday, September 13th. Nomura initiated coverage on shares of Ford Motor in a research note on Tuesday, September 20th. They set a “buy” rating and a $14.00 target price on the stock. Finally, Barclays PLC restated an “equal weight” rating and set a $12.00 target price on shares of Ford Motor in a research note on Monday, September 12th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.77.
In other Ford Motor news, insider Ziad S. Ojakli sold 10,000 shares of Ford Motor stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $11.86, for a total transaction of $118,600.00. Following the transaction, the insider now directly owns 503,246 shares of the company’s stock, valued at $5,968,497.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the transaction, the insider now directly owns 32,969 shares in the company, valued at $399,254.59. The disclosure for this sale can be found here. Company 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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