Legal & General Group Plc Raises Stake in Ford Motor Company (F)

Prior to joining Ford Jim Hackett was Steelcase CEO and served as Interim U Michigan Athletic Director

Beaton Management Co. Inc. bought a new stake in Ford Motor during the second quarter worth about $320,000. United Bank Inc acquired 49,090 shares as Ford Motor (F)'s stock declined 13.59%. The value in dollars increased from $697,000 to $851,000 increasing 22.1% quarter over quarter. Public Employees Retirement System of OH now owns 2,667,239 shares of the auto manufacturer's stock valued at $29,846,000 after buying an additional 66,026 shares in the last quarter. The institutional investor held 77,279 shares of the auto manufacturing company at the end of 2016Q4, valued at $937,000, down from 854,054 at the end of the previous reported quarter. Finally, Jefferies Group LLC reissued a "neutral" rating on shares of Ford Motor in a report on Monday, August 7th.

Nevertheless, Ford is developing its own fully-autonomous auto which will debut in ride-hailing fleets in 2021, and has invested in several companies that are developing the technology to bring it to fruition. About 19.06M shares traded. The stock's 50 day moving average is $11.20 and its 200-day moving average is $11.55. Eastern Bank who had been investing in Ford Motor Co for a number of months, seems to be less bullish one the $42.26 billion market cap company.

The stock decreased 1.73% or $0.56 during the last trading session, reaching $31.85. The business had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion.

Ford employs a total of 5,500 workers at the two plants. Next quarter's EPS is estimated at $0.49 and the next full year EPS is projected to be $1.57. On average, equities analysts forecast that Ford Motor will post $1.75 earnings per share for the current year.

Ford Motor Company announced a dividend for shareholders to be paid on Friday the 1st of September 2017. The dividend payment will be $0.150 per share for the quarter which comes to $0.60 on an annualized basis. The ex-dividend date is Thursday, July 20th. Ford Motor's dividend payout ratio (DPR) is presently 63.16%.

ILLEGAL ACTIVITY NOTICE: This report was first published by Markets Daily and is owned by of Markets Daily. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & global copyright & trademark law. The legal version of this piece can be read at https://weekherald.com/2017/08/18/ford-motor-company-f-stake-decreased-by-hartford-investment-management-co.html. Vetr lowered Ford Motor from a "strong-buy" rating to a "buy" rating and set a $12.78 price target for the company.in a research note on Tuesday, July 4th. Wolfe Research started coverage on Ford Motor in a research report on Tuesday, June 13th. As per Friday, January 27, the company rating was upgraded by RBC Capital Markets.

More notable recent Ford Motor Company (NYSE:F) news were published by: Seekingalpha.com which released: "Ford: An Ideal Value Bet" on August 10, 2017, also Seekingalpha.com with their article: "Ford Motor: Sinking To Single Digits?" published on August 17, 2017, Fool.com published: "Ford Motor Company Stock: Buy, Sell, or Hold?" on August 18, 2017. Instinet downgraded shares of Ford Motor from a "buy" rating to a "neutral" rating and cut their price target for the company from $14.80 to $11.60 in a report on Wednesday, August 9th.

In other Ford Motor news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction on Thursday, August 3rd. Following the completion of the sale, the vice president now directly owns 10 shares in the company, valued at approximately $110. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 25,000 shares were sold by FARLEY JR JAMES D, worth $279,068. The total value of its holdings increased 22.1%. The disclosure for this sale can be found here. Insiders own 1.08% of the company's stock.

Under previous CEO Mark Fields, Ford promised to launch an autonomous auto with no manual controls in 2021, although the company said it would only be available to ride-sharing services.

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