Canal Capital Management LLC Sells 24,078 Shares of Ford Motor Company (F)

Canal Capital Management LLC cut its holdings in shares of Ford Motor Company (NYSE:F) by 17.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,164 shares of the auto manufacturer’s stock after selling 24,078 shares during the period. Canal Capital Management LLC’s holdings in Ford Motor were worth $1,390,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Ford Motor by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 264,421,059 shares of the auto manufacturer’s stock worth $2,958,871,000 after buying an additional 2,491,009 shares during the period. BlackRock Inc. boosted its position in Ford Motor by 2.4% during the 2nd quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock worth $2,624,814,000 after buying an additional 5,562,630 shares during the period. State Street Corp boosted its position in Ford Motor by 2.5% during the 1st quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock worth $1,896,009,000 after buying an additional 3,999,705 shares during the period. Franklin Resources Inc. boosted its position in Ford Motor by 5.7% during the 2nd quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after buying an additional 4,706,379 shares during the period. Finally, Wellington Management Group LLP boosted its position in Ford Motor by 0.5% during the 1st quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock worth $881,979,000 after buying an additional 391,692 shares during the period. Institutional investors and hedge funds own 54.33% of the company’s stock.

Several research analysts have issued reports on the stock. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price target for the company in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Ford Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Standpoint Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded shares of Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the stock. Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $12.44.

In other news, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is owned by corporate insiders.

Shares of Ford Motor Company (NYSE F) traded up 0.17% during mid-day trading on Friday, reaching $12.10. 28,171,651 shares of the company’s stock were exchanged. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The stock has a 50-day moving average of $11.90 and a 200 day moving average of $11.33. The firm has a market capitalization of $48.06 billion, a P/E ratio of 12.74 and a beta of 1.12.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. On average, analysts forecast that Ford Motor Company will post $1.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be issued a $0.15 dividend. The ex-dividend date is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a yield of 4.96%. Ford Motor’s dividend payout ratio (DPR) is 63.16%.

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Ford Motor Company Profile

Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.

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

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