Meridian Wealth Management LLC Acquires 13258 Shares of Ford Motor Company (F)

Judith Bessette
Agosto 13, 2017

Jones Financial Companies Lllp bought a new position in Ford Motor Company (NYSE:F) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

These firms have also modified their investment in F. Proshare Advisors LLC reduced its holdings by shedding 6,072 shares a decrease of 1.1% in the quarter. Dimensional Fund Advisors LP now owns 14,568,438 shares of the auto manufacturer's stock worth $508,880,000 after buying an additional 59,774 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in General Motors by 9.9% in the first quarter. Bridge Creek Capital Management LLC now owns 241,960 shares of the auto manufacturer's stock worth $2,708,000 after buying an additional 13,200 shares in the last quarter. Ledyard National Bank raised its position in shares of General Motors by 1,413.0% in the first quarter. Roanoke Asset Management Corp NY now owns 22,505 shares of the auto manufacturer's stock worth $252,000 after buying an additional 1,510 shares during the period. Ffcm LLC boosted its position in General Motors by 2,008.1% in the second quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer's stock valued at $1,896,009,000 after buying an additional 3,999,705 shares during the last quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer's stock valued at $109,000 after buying an additional 676 shares in the last quarter.

Want to see what other hedge funds are holding GM?

Ford Motor Company (NYSE:F) opened at 10.92 on Tuesday. The institutional investor owned 28,750 shares of the auto manufacturer's stock after buying an additional 500 shares during the period. The firm has a market capitalization of $43.37 billion, a P/E ratio of 11.49 and a beta of 1.11.

Shares are trading at $10.81 a bit lower than the 50 day moving average which is $11.25 and which is quite a bit lower than the 200 day moving average of $11.61.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 26th. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company had revenue of $36.98 billion during the quarter, compared to analyst estimates of $37.67 billion. On average, equities research analysts predict that General Motors will post $6.14 earnings per share for the current fiscal year. The company's periodic earnings was down 1.1% on a YOY basis. on consensus, Stock analysts expect that General Motors to post $6.14 EPS for the full year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Caldwell Orkin invested in 0.54% or 24,600 shares. The dividend yield will be $5.49. The ex-dividend date is Thursday, July 20th. Ford Motor's dividend payout ratio is now 63.16%.

USA stocks open slightly higher
In overseas trading, stock markets across the Asia-Pacific region saw continued weakness during trading on Friday. After touching a more than two-month high at $1,291.86, spot gold last added 0.2 percent to $1,288.81 an ounce.

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A number of brokerages have recently commented on GM. Vetr lowered Ford Motor from a "strong-buy" rating to a "buy" rating and set a $12.78 price target on the stock.in a research report on Tuesday, July 4th. Instinet lowered shares of Ford Motor from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $14.80 to $11.60 in a research note on Wednesday. Finally, Tigress Financial restated a "strong-buy" rating on shares of General Motors in a report on Thursday, March 30th.

Tightening the gaze, stock performance for the last 5 trading days is -2.02%. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Ford Motor now has a consensus rating of "Hold" and a consensus price target of $12.60. Also, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction on Monday, June 12th. The stock was sold at an average price of $35.79, for a total transaction of $617,556.45. Following the completion of the acquisition, the director now owns 12,300 shares of the company's stock, valued at approximately $427,179. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $32.84, for a total transaction of $1,526,140.48.

COPYRIGHT VIOLATION WARNING: "General Motors Company (NYSE:GM) Insider Charles K. Stevens III Sells 16,000 Shares" was reported by Week Herald and is owned by of Week Herald. The disclosure for this sale can be found here. The corporation provides automotive financing services through General Motors Financial Company, The corporation develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. the firms segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial).

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