Gradient Investments LLC reduced its holdings in shares of Ford Motor (NYSE:F – Get Rating) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,235 shares of the auto manufacturer’s stock after selling 2,533 shares during the quarter. Gradient Investments LLC’s holdings in Ford Motor were worth $270,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Ford Motor by 1.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 283,841 shares of the auto manufacturer’s stock valued at $3,179,000 after purchasing an additional 4,823 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Ford Motor by 52.0% in the third quarter. Quantinno Capital Management LP now owns 40,461 shares of the auto manufacturer’s stock valued at $453,000 after purchasing an additional 13,850 shares during the period. WASHINGTON TRUST Co boosted its stake in shares of Ford Motor by 695.8% in the third quarter. WASHINGTON TRUST Co now owns 3,183 shares of the auto manufacturer’s stock valued at $36,000 after purchasing an additional 2,783 shares during the period. Cetera Investment Advisers boosted its stake in shares of Ford Motor by 29.5% in the second quarter. Cetera Investment Advisers now owns 608,989 shares of the auto manufacturer’s stock valued at $6,778,000 after purchasing an additional 138,907 shares during the period. Finally, Resources Investment Advisors LLC. boosted its stake in shares of Ford Motor by 11.4% in the third quarter. Resources Investment Advisors LLC. now owns 96,193 shares of the auto manufacturer’s stock valued at $1,077,000 after purchasing an additional 9,822 shares during the period. 49.68% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Ford Motor news, CEO James D. Farley, Jr. sold 79,921 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $12.86, for a total transaction of $1,027,784.06. Following the transaction, the chief executive officer now owns 1,638,667 shares of the company’s stock, valued at approximately $21,073,257.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Ford Motor news, CFO John T. Lawler sold 29,821 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $13.07, for a total transaction of $389,760.47. Following the transaction, the chief financial officer now owns 443,683 shares of the company’s stock, valued at approximately $5,798,936.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James D. Farley, Jr. sold 79,921 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $12.86, for a total transaction of $1,027,784.06. Following the transaction, the chief executive officer now directly owns 1,638,667 shares in the company, valued at approximately $21,073,257.62. The disclosure for this sale can be found here. Insiders have sold a total of 134,592 shares of company stock valued at $1,740,843 in the last quarter. Company insiders own 0.90% of the company’s stock.
Ford Motor Stock Down 4.4 %
Ford Motor (NYSE:F – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The auto manufacturer reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.09). Ford Motor had a positive return on equity of 17.45% and a negative net margin of 1.25%. The firm had revenue of $41.80 billion during the quarter, compared to analyst estimates of $40.73 billion. During the same period last year, the business earned $0.26 EPS. The firm’s revenue was up 18.4% on a year-over-year basis. Equities analysts anticipate that Ford Motor will post 1.51 EPS for the current year.
Ford Motor Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Monday, February 13th were issued a $0.15 dividend. The ex-dividend date was Friday, February 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.31%. Ford Motor’s dividend payout ratio (DPR) is presently -117.65%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on F shares. Citigroup upped their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, November 30th. Morgan Stanley decreased their target price on shares of Ford Motor from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, February 6th. StockNews.com started coverage on shares of Ford Motor in a research note on Thursday. They set a “hold” rating on the stock. Tudor, Pickering, Holt & Co. downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th. Finally, Benchmark reduced their price objective on shares of Ford Motor from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.34.
About Ford Motor
Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Ford Blue, Ford Model E, and Ford Pro, Ford Next, and Ford Credit. The Ford Blue, Ford Model E, and Ford Pro segment includes the sale of Ford and Lincoln vehicles, service parts, and accessories, together with the associated costs to develop, manufacture, distribute, and service the vehicles, parts, and accessories.
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