Envestnet Asset Management Inc. Buys 138,322 Shares of Ford Motor (NYSE:F)

Envestnet Asset Management Inc. raised its stake in shares of Ford Motor (NYSE:FGet Rating) by 12.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,272,095 shares of the auto manufacturer’s stock after purchasing an additional 138,322 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ford Motor were worth $21,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. TFG Advisers LLC lifted its holdings in shares of Ford Motor by 3.2% during the fourth quarter. TFG Advisers LLC now owns 17,784 shares of the auto manufacturer’s stock valued at $369,000 after purchasing an additional 549 shares during the last quarter. Northeast Financial Consultants Inc raised its holdings in Ford Motor by 1.4% in the 4th quarter. Northeast Financial Consultants Inc now owns 41,529 shares of the auto manufacturer’s stock worth $863,000 after acquiring an additional 581 shares during the last quarter. Wade G W & Inc. raised its holdings in Ford Motor by 3.4% in the 4th quarter. Wade G W & Inc. now owns 17,890 shares of the auto manufacturer’s stock worth $372,000 after acquiring an additional 587 shares during the last quarter. Waterfront Wealth Inc. raised its holdings in Ford Motor by 4.8% in the 4th quarter. Waterfront Wealth Inc. now owns 14,481 shares of the auto manufacturer’s stock worth $301,000 after acquiring an additional 663 shares during the last quarter. Finally, Glassman Wealth Services raised its holdings in Ford Motor by 13.7% in the 1st quarter. Glassman Wealth Services now owns 5,511 shares of the auto manufacturer’s stock worth $93,000 after acquiring an additional 666 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

F has been the subject of a number of recent analyst reports. BNP Paribas initiated coverage on shares of Ford Motor in a report on Monday, April 11th. They issued an “outperform” rating for the company. TheStreet upgraded shares of Ford Motor from a “c” rating to a “b-” rating in a report on Wednesday, July 27th. Exane BNP Paribas started coverage on shares of Ford Motor in a report on Monday, April 11th. They issued an “outperform” rating for the company. Nomura raised shares of Ford Motor from a “reduce” rating to a “neutral” rating and set a $12.40 target price for the company in a research report on Thursday, July 21st. Finally, The Goldman Sachs Group cut their target price on shares of Ford Motor from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, June 1st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus target price of $17.63.

Ford Motor Trading Down 1.2 %

Shares of F stock opened at $15.16 on Wednesday. Ford Motor has a 1 year low of $10.61 and a 1 year high of $25.87. The firm has a fifty day moving average price of $12.48 and a 200-day moving average price of $15.20. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.16 and a quick ratio of 1.00. The company has a market cap of $60.94 billion, a price-to-earnings ratio of 5.30, a PEG ratio of 0.83 and a beta of 1.33.

Ford Motor (NYSE:FGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.24. The firm had revenue of $37.91 billion during the quarter, compared to the consensus estimate of $35.17 billion. Ford Motor had a net margin of 7.86% and a return on equity of 16.91%. The company’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. As a group, equities analysts predict that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, August 10th. This represents a $0.60 annualized dividend and a yield of 3.96%. This is an increase from Ford Motor’s previous quarterly dividend of $0.10. Ford Motor’s dividend payout ratio is currently 13.99%.

Insider Buying and Selling

In related news, insider Ashwani Kumar Galhotra sold 25,892 shares of the company’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $12.41, for a total value of $321,319.72. Following the completion of the transaction, the insider now owns 511,605 shares of the company’s stock, valued at approximately $6,349,018.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Ford Motor news, major shareholder Motor Co Ford sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $26.88, for a total transaction of $188,160,000.00. Following the completion of the transaction, the insider now owns 86,947,494 shares in the company, valued at approximately $2,337,148,638.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashwani Kumar Galhotra sold 25,892 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $12.41, for a total value of $321,319.72. Following the transaction, the insider now owns 511,605 shares of the company’s stock, valued at approximately $6,349,018.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,025,892 shares of company stock valued at $402,881,320. Company insiders own 0.71% of the company’s stock.

Ford Motor Profile

(Get Rating)

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury 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.

See Also

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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