Koshinski Asset Management Inc. raised its position in shares of Ford Motor (NYSE:F) by 16.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,187 shares of the auto manufacturer’s stock after buying an additional 7,704 shares during the period. Koshinski Asset Management Inc.’s holdings in Ford Motor were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Core Wealth Advisors Inc. increased its holdings in shares of Ford Motor by 123.7% in the second quarter. Core Wealth Advisors Inc. now owns 1,787 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 988 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Ford Motor in the second quarter valued at approximately $34,000. RPg Family Wealth Advisory LLC bought a new position in Ford Motor in the second quarter valued at approximately $34,000. WD Rutherford LLC bought a new position in shares of Ford Motor during the second quarter worth $38,000. Finally, Walled Lake Planning & Wealth Management LLC boosted its position in shares of Ford Motor by 58.8% during the second quarter. Walled Lake Planning & Wealth Management LLC now owns 2,700 shares of the auto manufacturer’s stock worth $40,000 after purchasing an additional 1,000 shares in the last quarter. 50.83% of the stock is owned by institutional investors and hedge funds.
In other Ford Motor news, insider Kiersten Robinson sold 17,713 shares of the business’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $20.43, for a total value of $361,876.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stuart J. Rowley sold 15,000 shares of the business’s stock in a transaction dated Friday, October 15th. The shares were sold at an average price of $16.00, for a total transaction of $240,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,132 shares of company stock worth $1,107,368. 0.90% of the stock is owned by company insiders.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Tuesday, October 26th. The auto manufacturer reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.24. Ford Motor had a net margin of 2.10% and a return on equity of 21.85%. The business had revenue of $33.21 billion for the quarter, compared to analyst estimates of $32.79 billion. During the same quarter in the prior year, the business earned $0.65 EPS. Ford Motor’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, analysts expect that Ford Motor will post 1.84 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Friday, November 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.98%. Ford Motor’s dividend payout ratio (DPR) is currently 57.14%.
F has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, October 21st. Benchmark boosted their price objective on shares of Ford Motor from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, October 28th. Credit Suisse Group raised shares of Ford Motor from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $15.00 to $20.00 in a research report on Wednesday, October 20th. Nomura cut shares of Ford Motor from a “neutral” rating to a “reduce” rating and set a $13.00 price objective on the stock. in a research report on Tuesday, November 2nd. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Thursday, November 11th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $16.30.
Ford Motor Company Profile
Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business.
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