Ford Motor (NYSE:F) Shares Bought by Lebenthal Global Advisors LLC

by · The Cerbat Gem

Lebenthal Global Advisors LLC boosted its position in shares of Ford Motor (NYSE:F – Free Report) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,153 shares of the auto manufacturer’s stock after buying an additional 5,980 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Ford Motor were worth $730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in shares of Ford Motor by 14,373.9% in the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after purchasing an additional 8,824,000 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Ford Motor by 456.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock valued at $50,160,000 after purchasing an additional 3,281,800 shares during the period. AQR Capital Management LLC grew its position in shares of Ford Motor by 103.6% in the second quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock valued at $60,844,000 after purchasing an additional 2,497,695 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Ford Motor by 1,215.6% in the third quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock valued at $28,444,000 after purchasing an additional 2,488,850 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 0.7 %

Shares of F stock traded up $0.07 during trading on Friday, reaching $10.36. The company’s stock had a trading volume of 6,587,145 shares, compared to its average volume of 53,560,863. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 1.00. The company has a market capitalization of $41.18 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.90 and a beta of 1.62. The stock’s 50-day moving average price is $10.82 and its 200 day moving average price is $11.63. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85.

Ford Motor (NYSE:F – Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.79%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on F shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a research note on Tuesday. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.41.

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About Ford Motor

(Free Report)

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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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