Tdam USA Inc. Makes New $136,000 Investment in Ford Motor (NYSE:F)

Tdam USA Inc. bought a new position in shares of Ford Motor (NYSE:F) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 13,290 shares of the auto manufacturer’s stock, valued at approximately $136,000.

Other institutional investors have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Ford Motor by 25.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,146,997 shares of the auto manufacturer’s stock valued at $10,071,000 after buying an additional 232,639 shares during the last quarter. Claro Advisors LLC purchased a new position in shares of Ford Motor in the 2nd quarter valued at approximately $329,000. Investment Partners LTD. purchased a new position in shares of Ford Motor in the 2nd quarter valued at approximately $175,000. Nordea Investment Management AB raised its position in shares of Ford Motor by 1.6% in the 1st quarter. Nordea Investment Management AB now owns 495,957 shares of the auto manufacturer’s stock valued at $4,353,000 after purchasing an additional 7,574 shares during the last quarter. Finally, Wesbanco Bank Inc. raised its position in shares of Ford Motor by 49.3% in the 1st quarter. Wesbanco Bank Inc. now owns 116,674 shares of the auto manufacturer’s stock valued at $1,024,000 after purchasing an additional 38,535 shares during the last quarter. Institutional investors own 52.11% of the company’s stock.

Shares of NYSE F traded down $0.13 during midday trading on Thursday, reaching $8.87. 12,208,421 shares of the stock were exchanged, compared to its average volume of 46,618,932. The company has a market capitalization of $37.07 billion, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 0.99 and a beta of 1.13. Ford Motor has a twelve month low of $7.41 and a twelve month high of $10.56. The firm has a 50-day moving average price of $9.89. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.86.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Ford Motor had a net margin of 1.37% and a return on equity of 14.92%. The firm had revenue of $35.91 billion for the quarter, compared to analysts’ expectations of $35.21 billion. During the same quarter last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts forecast that Ford Motor will post 1.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, July 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 6.77%. Ford Motor’s dividend payout ratio is currently 46.15%.

Several brokerages recently commented on F. Morgan Stanley raised 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 report on Tuesday, August 6th. Goldman Sachs Group set a $13.00 price objective on shares of Ford Motor and gave the company a “buy” rating in a research report on Thursday, June 13th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $10.50 price objective on shares of Ford Motor in a research report on Thursday, July 25th. Credit Suisse Group began coverage on shares of Ford Motor in a research report on Wednesday, June 26th. They issued an “outperform” rating and a $13.00 price objective for the company. Finally, Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, April 30th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Ford Motor currently has an average rating of “Hold” and an average price target of $10.48.

In other news, Director John C. Lechleiter acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were bought at an average price of $9.60 per share, for a total transaction of $96,000.00. Following the acquisition, the director now owns 64,700 shares of the company’s stock, valued at approximately $621,120. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman William Clay Ford, Jr. acquired 840,962 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average price of $9.51 per share, for a total transaction of $7,997,548.62. Following the acquisition, the chairman now directly owns 1,100,617 shares in the company, valued at approximately $10,466,867.67. The disclosure for this purchase can be found here. In the last three months, insiders purchased 861,162 shares of company stock worth $8,193,611 and sold 115,000 shares worth $1,137,650. 0.83% of the stock is currently owned by company insiders.

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.

Recommended Story: Options Trading – Understanding Strike Price

Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F).

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

Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.