Providence Capital Advisors LLC boosted its position in shares of Ford Motor (NYSE:F) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,929 shares of the auto manufacturer’s stock after buying an additional 3,128 shares during the quarter. Providence Capital Advisors LLC’s holdings in Ford Motor were worth $1,196,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Claro Advisors LLC bought a new position in Ford Motor in the second quarter worth approximately $329,000. Financial Advisors Network Inc. increased its stake in shares of Ford Motor by 4.3% during the second quarter. Financial Advisors Network Inc. now owns 159,764 shares of the auto manufacturer’s stock valued at $1,523,000 after buying an additional 6,531 shares during the period. Investment Partners LTD. purchased a new position in shares of Ford Motor during the second quarter valued at $175,000. Essex Financial Services Inc. raised its holdings in shares of Ford Motor by 3.2% in the second quarter. Essex Financial Services Inc. now owns 45,903 shares of the auto manufacturer’s stock valued at $470,000 after acquiring an additional 1,434 shares in the last quarter. Finally, Brave Asset Management Inc. raised its holdings in shares of Ford Motor by 28.2% in the second quarter. Brave Asset Management Inc. now owns 20,450 shares of the auto manufacturer’s stock valued at $209,000 after acquiring an additional 4,500 shares in the last quarter. 53.86% of the stock is owned by institutional investors.
In other Ford Motor news, Chairman William Clay Ford, Jr. acquired 840,962 shares of the stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $9.51 per share, with a total value of $7,997,548.62. Following the transaction, the chairman now directly owns 1,100,617 shares of the company’s stock, valued at $10,466,867.67. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James P. Hackett sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $9.16, for a total value of $183,200.00. Following the transaction, the chief executive officer now owns 174,575 shares in the company, valued at $1,599,107. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,000 shares of company stock worth $1,128,650. Insiders own 0.83% of the company’s stock.
Several brokerages have issued reports on F. Credit Suisse Group cut shares of Ford Motor to an “outperform” rating and set a $12.00 target price on the stock. in a report on Wednesday. Goldman Sachs Group set a $13.00 target price on shares of Ford Motor and gave the company a “buy” rating in a research report on Thursday, June 13th. Royal Bank of Canada restated a “neutral” rating and issued a $10.50 price target on shares of Ford Motor in a report on Thursday, July 25th. ValuEngine cut shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley upgraded shares of Ford Motor from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $12.00 in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Ford Motor currently has an average rating of “Hold” and a consensus target price of $10.40.
F stock remained flat at $$9.42 during trading on Wednesday. The company had a trading volume of 1,048,493 shares, compared to its average volume of 29,375,354. The company’s 50 day moving average price is $9.26 and its 200 day moving average price is $9.52. Ford Motor has a 12 month low of $7.41 and a 12 month high of $10.56. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 2.86. The company has a market capitalization of $38.06 billion, a P/E ratio of 7.25, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The business had revenue of $35.91 billion during the quarter, compared to the consensus estimate of $35.21 billion. Ford Motor had a net margin of 1.37% and a return on equity of 14.92%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Equities research analysts expect that Ford Motor will post 1.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, July 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend was Monday, July 22nd. Ford Motor’s payout ratio is currently 46.15%.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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