Bridge Creek Capital Management LLC Sells 20,025 Shares of Ford Motor (F)
Bridge Creek Capital Management LLC lowered its stake in shares of Ford Motor (NYSE:F) by 7.6% during the fourth quarter, HoldingsChannel reports. The firm owned 244,985 shares of the auto manufacturer’s stock after selling 20,025 shares during the quarter. Bridge Creek Capital Management LLC’s holdings in Ford Motor were worth $3,059,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of F. Greenhaven Associates Inc. bought a new stake in Ford Motor during the fourth quarter valued at about $164,194,000. Alyeska Investment Group L.P. purchased a new stake in Ford Motor in the third quarter valued at about $76,726,000. BlackRock Inc. raised its stake in Ford Motor by 2.4% in the second quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock valued at $2,624,814,000 after buying an additional 5,562,630 shares during the last quarter. Franklin Resources Inc. raised its stake in Ford Motor by 5.7% in the second quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock valued at $981,407,000 after buying an additional 4,706,379 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in Ford Motor by 18.3% in the second quarter. Capital Research Global Investors now owns 23,655,000 shares of the auto manufacturer’s stock valued at $264,699,000 after buying an additional 3,655,000 shares during the last quarter. 53.60% of the stock is currently owned by institutional investors.
Shares of Ford Motor (F) traded down $0.06 during trading hours on Friday, hitting $12.00. The stock had a trading volume of 50,920,000 shares, compared to its average volume of 36,530,000. Ford Motor has a 1 year low of $10.47 and a 1 year high of $13.48. The stock has a market capitalization of $47,670.00, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.72 and a beta of 1.26. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.08 and a current ratio of 1.19.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, January 30th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Monday, January 29th. Ford Motor’s dividend payout ratio is currently 54.55%.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated a “hold” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Wednesday, December 20th. ValuEngine upgraded Ford Motor from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Cascend Securities cut Ford Motor to a “buy” rating in a research note on Tuesday, December 5th. Finally, FIG Partners reiterated a “hold” rating on shares of Ford Motor in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.66.
In related news, insider Hau N. Thai-Tang sold 18,000 shares of Ford Motor stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $13.00, for a total transaction of $234,000.00. Following the completion of the transaction, the insider now directly owns 14,358 shares in the company, valued at $186,654. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Hau N. Thai-Tang sold 19,000 shares of Ford Motor stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $12.50, for a total value of $237,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,752 shares of company stock valued at $603,965. 1.08% of the stock is owned by company insiders.
Ford Motor 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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