Cozad Asset Management Inc. Buys New Stake in Ford Motor (F)
Cozad Asset Management Inc. bought a new position in Ford Motor (NYSE:F) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 18,858 shares of the auto manufacturer’s stock, valued at approximately $209,000.
A number of other large investors have also modified their holdings of F. Kiley Juergens Wealth Management LLC bought a new stake in Ford Motor in the 2nd quarter worth $101,000. Credit Agricole S A grew its holdings in Ford Motor by 135.0% in the 2nd quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock worth $104,000 after acquiring an additional 5,400 shares during the last quarter. Kaizen Advisory LLC grew its holdings in Ford Motor by 155.5% in the 2nd quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock worth $108,000 after acquiring an additional 5,931 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in Ford Motor in the 2nd quarter worth $112,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Ford Motor in the 2nd quarter worth $113,000. Institutional investors own 54.16% of the company’s stock.
In other Ford Motor news, Director John C. Lechleiter acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The shares were acquired at an average price of $9.89 per share, with a total value of $98,900.00. Following the completion of the purchase, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $445,050. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.95% of the company’s stock.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 25th. The auto manufacturer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Ford Motor had a net margin of 4.27% and a return on equity of 17.43%. The company had revenue of $35.90 billion for the quarter, compared to the consensus estimate of $35.63 billion. During the same period in the previous year, the firm posted $0.56 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. research analysts expect that Ford Motor will post 1.38 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, July 23rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.28%. The ex-dividend date was Friday, July 20th. Ford Motor’s payout ratio is currently 33.71%.
A number of equities research analysts have issued reports on F shares. ValuEngine lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Friday, June 29th. Morgan Stanley set a $16.00 price target on shares of Ford Motor and gave the stock a “buy” rating in a report on Thursday, May 24th. TheStreet lowered shares of Ford Motor from a “b-” rating to a “c+” rating in a research note on Monday, August 13th. Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and lifted their target price for the company from $10.14 to $13.00 in a research note on Tuesday, May 29th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating on shares of Ford Motor in a research note on Tuesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $12.19.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
See Also: Return on Investment (ROI)
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