SRS Capital Advisors Inc. raised its stake in General Motors by 171.9% in the first quarter.
Ford Motor Co on Friday reported a 2.1 per cent decline in US auto sales in August, contrasting larger rival General Motors Co's 7.5 per cent increase. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer's stock valued at $3,048,866,000 after buying an additional 6,013,577 shares during the last quarter. Full-size pickups make up 20 percent of sales in the Houston region. North Star Investment Management Corp. now owns 5,215 shares of the auto manufacturer's stock valued at $184,000 after buying an additional 42 shares in the last quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer's stock valued at $881,979,000 after buying an additional 391,692 shares during the last quarter. Franklin Parlapiano Turner & Welch LLC acquired a new stake in General Motors during the first quarter valued at approximately $106,000. The South Texas Money Management Ltd holds 759,589 shares with $40.30 million value, up from 726,497 last quarter. Cibc Markets Inc has invested 0.01% in Ford Motor Company (NYSE:F). $635,408 worth of Ford Motor Company (NYSE:F) shares were sold by OJAKLI ZIAD S. Fowler Bennie W. sold 92,528 shares worth $1.17 million. The 50 day moving average was down $-0.02 or -0.21% whereas the 200 day moving average was down $-0.40 or -3.49%.
The P/E ratio is 6.501 and the market cap is 54.49B. Another trade for 18,060 shares valued at $971,744 was made by Hoel William P on Friday, March 3. The dividend payment was $0.380 per share for the quarter or $1.52 annualized. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The Gideon Capital Advisors Inc holds 36,594 shares with $1.28M value, down from 70,793 last quarter. As of the last earnings report the EPS was $5.75 and is expected to be $6.13 for the current year with 1,457,208,000 shares now outstanding. Shareholders of record on Monday, July 24th will be given a dividend of $0.15 per share. This dividend represents a yeild of $5.54 which is the dividend as a percentage of the current share price. The ex-dividend date of this dividend is Thursday, July 20th. General Motors's payout ratio is 26.48%.
COPYRIGHT VIOLATION NOTICE: This news story was first posted by Week Herald and is owned by of Week Herald. Ford will begin its monthly sales call at 10 a.m. ET this morning when Erich Merkle, Ford U.S. sales analyst, will host a conference call for the investment community and news media to discuss the results and related market trends. The legal version of this news story can be read at https://www.dispatchtribunal.com/2017/09/01/texas-permanent-school-fund-lowers-stake-in-ford-motor-company-f.html.
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Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reiterated a "buy" rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Friday, May 5th. On Thursday, October 15 the stock rating was upgraded by Buckingham Research to "Buy". ValuEngine lowered shares of Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, June 17th. Finally, Vetr upgraded Ford Motor from a "buy" rating to a "strong-buy" rating and set a $12.65 price objective for the company in a research report on Tuesday, July 25th.
Brokerage analysts have provided guidance on the stock recently.
On August 4 the company was set at "Neutral" by Nomura which was a cut from the previous "Buy" rating. Also, VP John T. Lawler sold 80,624 shares of the firm's stock in a transaction on Thursday, August 3rd.
During the month, the F-Series average transaction price rose $3,400 to $45,600 per vehicle.