TCW Group Inc. cut its position in Ford Motor Company (NYSE:F) by 83.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 58,459 shares of the auto manufacturer’s stock after selling 287,900 shares during the period. TCW Group Inc.’s holdings in Ford Motor were worth $680,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Puplava Financial Services Inc. acquired a new stake in Ford Motor during the first quarter worth $116,000. TNB Financial acquired a new stake in Ford Motor during the first quarter worth $119,000. GFS Advisors LLC purchased a new position in shares of Ford Motor during the first quarter worth approximately $121,000. GWM Advisors LLC purchased a new position in shares of Ford Motor during the first quarter worth approximately $117,000. Finally, Polaris Greystone Financial Group LLC raised its position in shares of Ford Motor by 3.0% in the first quarter. Polaris Greystone Financial Group LLC now owns 10,692 shares of the auto manufacturer’s stock worth $124,000 after buying an additional 313 shares during the last quarter. 55.38% of the stock is owned by institutional investors and hedge funds.
Shares of Ford Motor Company (F) traded down 0.75% during midday trading on Friday, hitting $10.56. The stock had a trading volume of 43,998,743 shares. The stock’s 50-day moving average price is $11.19 and its 200 day moving average price is $11.53. The company has a market cap of $41.94 billion, a price-to-earnings ratio of 11.12 and a beta of 1.11. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $13.27.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. On average, equities analysts forecast that Ford Motor Company will post $1.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.68%. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
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A number of research analysts have commented on the company. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price objective on the stock. in a research report on Tuesday, July 4th. BidaskClub upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Nomura restated a “buy” rating and issued a $14.80 price target on shares of Ford Motor in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded Ford Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 24th. Finally, Berenberg Bank set a $10.00 price target on Ford Motor and gave the stock a “sell” rating in a research report on Monday, June 12th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.60.
In related news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the sale, the insider now owns 428,411 shares in the company, valued at approximately $4,781,066.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now owns 10 shares of the company’s stock, valued at approximately $110. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by company insiders.
Ford Motor Company 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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