Cribstone Capital Management LLC maintained its position in shares of Ford Motor Company (NYSE:F) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,727 shares of the auto manufacturer’s stock at the end of the second quarter. Cribstone Capital Management LLC’s holdings in Ford Motor were worth $635,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Bridgewater Associates LP acquired a new position in shares of Ford Motor during the first quarter valued at approximately $2,342,000. Mathes Company Inc. acquired a new position in shares of Ford Motor during the second quarter valued at approximately $571,000. Advisor Partners LLC increased its position in shares of Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock valued at $362,000 after buying an additional 1,840 shares during the period. AE Wealth Management LLC increased its position in shares of Ford Motor by 37.5% in the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after buying an additional 46,598 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in shares of Ford Motor during the first quarter valued at approximately $122,000. 55.38% of the stock is currently owned by institutional investors.
Ford Motor Company (NYSE:F) traded down 0.75% during midday trading on Friday, reaching $10.56. The company’s stock had a trading volume of 43,998,743 shares. Ford Motor Company has a 1-year low of $10.47 and a 1-year high of $13.27. The stock’s 50-day moving average price is $11.19 and its 200 day moving average price is $11.53. The firm has a market capitalization of $41.94 billion, a PE ratio of 11.12 and a beta of 1.11.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. Equities analysts anticipate that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
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F has been the topic of several research analyst reports. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price objective on the stock. in a research report on Wednesday, May 31st. Wolfe Research initiated coverage on Ford Motor in a research report on Tuesday, June 13th. They issued a “market perform” rating on the stock. Berenberg Bank set a $10.00 price objective on Ford Motor and gave the company a “sell” rating in a research report on Monday, August 14th. Zacks Investment Research raised Ford Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 24th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.60.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the sale, the insider now directly owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the sale, the vice president now directly owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. 1.08% of the stock is owned by insiders.
About Ford Motor
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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