Cullen Frost Bankers Inc. lowered its position in Ford Motor Co. (NYSE:F) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 405,859 shares of the auto manufacturer’s stock after selling 8,068 shares during the period. Cullen Frost Bankers Inc.’s holdings in Ford Motor were worth $5,102,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of F. River Wealth Advisors LLC raised its position in shares of Ford Motor by 5.6% in the first quarter. River Wealth Advisors LLC now owns 100,574 shares of the auto manufacturer’s stock worth $1,358,000 after buying an additional 5,371 shares during the period. Telemus Capital LLC acquired a new position in shares of Ford Motor during the first quarter worth approximately $376,000. Sanders Morris Harris Inc. acquired a new position in shares of Ford Motor during the first quarter worth approximately $302,000. Sii Investments Inc. WI raised its position in shares of Ford Motor by 14.6% in the first quarter. Sii Investments Inc. WI now owns 172,503 shares of the auto manufacturer’s stock worth $2,329,000 after buying an additional 21,998 shares during the period. Finally, Investment Centers of America Inc. raised its position in shares of Ford Motor by 49.3% in the first quarter. Investment Centers of America Inc. now owns 219,792 shares of the auto manufacturer’s stock worth $2,967,000 after buying an additional 72,625 shares during the period. Institutional investors own 56.06% of the company’s stock.
Ford Motor Co. (NYSE:F) traded down 0.25% on Tuesday, hitting $11.98. The company had a trading volume of 28,965,759 shares. The company has a market capitalization of $47.60 billion, a P/E ratio of 5.65 and a beta of 1.30. Ford Motor Co. has a one year low of $11.02 and a one year high of $15.84. The stock’s 50-day moving average price is $12.34 and its 200 day moving average price is $12.96.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. The firm had revenue of $39.50 million for the quarter, compared to the consensus estimate of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, analysts expect that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, July 28th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, July 26th. This represents a $0.60 dividend on an annualized basis and a yield of 5.01%. Ford Motor’s dividend payout ratio is currently 29.27%.
A number of analysts have recently issued reports on the company. Vetr cut Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 price objective on the stock. in a research report on Thursday, July 21st. Barclays PLC reiterated an “equal weight” rating and issued a $13.00 price target (down from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Rodman & Renshaw initiated coverage on Ford Motor in a research report on Monday, July 18th. They issued a “buy” rating on the stock. Zacks Investment Research cut Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Ford Motor in a research report on Wednesday, June 1st. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and an average target price of $14.07.
In other news, Director John C. Lechleiter acquired 5,000 shares of Ford Motor stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $306,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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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