Argyle Capital Management Inc. increased its stake in Ford Motor Co. (NYSE:F) by 66.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 116,500 shares of the auto manufacturer’s stock after buying an additional 46,426 shares during the period. Argyle Capital Management Inc.’s holdings in Ford Motor were worth $1,464,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. NN Investment Partners Holdings N.V. acquired a new stake in Ford Motor during the first quarter valued at $95,992,000. Natixis raised its stake in shares of Ford Motor by 1,101.7% in the first quarter. Natixis now owns 4,883,711 shares of the auto manufacturer’s stock valued at $65,930,000 after buying an additional 4,477,314 shares during the last quarter. Cornerstone Investment Partners LLC raised its stake in shares of Ford Motor by 2,505.4% in the second quarter. Cornerstone Investment Partners LLC now owns 4,637,695 shares of the auto manufacturer’s stock valued at $58,296,000 after buying an additional 4,459,691 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Ford Motor by 5.2% in the first quarter. Franklin Resources Inc. now owns 75,325,238 shares of the auto manufacturer’s stock valued at $1,016,891,000 after buying an additional 3,749,925 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Ford Motor by 32.9% in the first quarter. Prudential Financial Inc. now owns 11,048,007 shares of the auto manufacturer’s stock valued at $149,149,000 after buying an additional 2,735,110 shares during the last quarter. 56.06% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Co. (NYSE:F) traded up 0.92% on Wednesday, hitting $12.09. 29,341,515 shares of the stock were exchanged. The stock has a market capitalization of $48.04 billion, a P/E ratio of 5.70 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 company has a 50 day moving average of $12.34 and a 200 day moving average of $12.96.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The business had revenue of $39.50 million for the quarter, compared to analyst estimates of $36.29 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Ford Motor Co. will post $1.82 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, July 28th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.96%. The ex-dividend date was Tuesday, July 26th. Ford Motor’s payout ratio is 29.27%.
F has been the topic of several analyst reports. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price target on the stock in a research note on Monday, June 27th. Piper Jaffray Cos. initiated coverage on shares of Ford Motor in a research note on Thursday, June 9th. They issued an “overweight” rating and a $17.00 price target on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of Ford Motor in a research note on Monday, September 12th. Rodman & Renshaw initiated coverage on shares of Ford Motor in a research note on Monday, July 18th. They issued a “buy” rating on the stock. Finally, Seaport Global Securities initiated coverage on shares of Ford Motor in a research note on Tuesday, August 9th. They issued a “buy” rating and a $20.00 price target on the stock. Five analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $14.07.
In other Ford Motor news, Director John C. Lechleiter bought 5,000 shares of Ford Motor stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the acquisition, the director now owns 25,000 shares of the company’s stock, valued at approximately $306,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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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