Colony Group LLC Takes Position in Ford Motor Company (F)
Colony Group LLC purchased a new stake in Ford Motor Company (NYSE:F) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,144 shares of the auto manufacturer’s stock, valued at approximately $125,000.
Other institutional investors have also bought and sold shares of the company. Balentine LLC raised its stake in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 231 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Ford Motor in the second quarter valued at $106,000. Archford Capital Strategies LLC raised its stake in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares in the last quarter. Reilly Financial Advisors LLC increased its position in shares of Ford Motor by 1.5% during the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 150 shares in the last quarter. Finally, Kelman Lazarov Inc. acquired a new stake in shares of Ford Motor during the second quarter worth about $116,000. Institutional investors own 54.33% of the company’s stock.
Shares of Ford Motor Company (NYSE:F) opened at 12.08 on Thursday. The stock has a market cap of $47.98 billion, a price-to-earnings ratio of 12.72 and a beta of 1.12. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The firm has a 50-day moving average price of $11.84 and a 200-day moving average price of $11.32.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. Ford Motor’s quarterly revenue was down .5% on a year-over-year basis. Analysts anticipate that Ford Motor Company will post $1.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.92%. The ex-dividend date is Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
In other news, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. In the last 90 days, insiders sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is owned by insiders.
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F has been the topic of a number of research analyst reports. Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 target price on the stock. in a research report on Monday, September 4th. Berenberg Bank set a $10.00 target price on Ford Motor and gave the stock a “sell” rating in a research report on Monday, August 14th. Barclays PLC cut Ford Motor from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $12.12 to $14.00 in a research report on Friday, October 13th. BidaskClub upgraded Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Standpoint Research upgraded Ford Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.44.
Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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