Ariel Capital Advisors LLC held its stake in Ford Motor Co. (NYSE:F) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,350 shares of the auto manufacturer’s stock at the end of the second quarter. Ariel Capital Advisors LLC’s holdings in Ford Motor were worth $268,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new position in shares of Ford Motor during the first quarter valued at approximately $104,000. Lazard Asset Management LLC increased its position in shares of Ford Motor by 34.9% in the first quarter. Lazard Asset Management LLC now owns 9,170 shares of the auto manufacturer’s stock valued at $123,000 after buying an additional 2,370 shares during the last quarter. Financial Architects Inc increased its position in shares of Ford Motor by 232.5% in the second quarter. Financial Architects Inc now owns 9,863 shares of the auto manufacturer’s stock valued at $124,000 after buying an additional 6,897 shares during the last quarter. Community Bank N.A. increased its position in shares of Ford Motor by 3.0% in the second quarter. Community Bank N.A. now owns 10,215 shares of the auto manufacturer’s stock valued at $128,000 after buying an additional 300 shares during the last quarter. Finally, Leavell Investment Management Inc. increased its position in shares of Ford Motor by 3.6% in the second quarter. Leavell Investment Management Inc. now owns 10,543 shares of the auto manufacturer’s stock valued at $133,000 after buying an additional 368 shares during the last quarter. 56.06% of the stock is currently owned by institutional investors.
Ford Motor Co. (NYSE:F) traded up 0.83% during midday trading on Tuesday, hitting $12.20. The company’s stock had a trading volume of 23,948,703 shares. Ford Motor Co. has a 12 month low of $11.02 and a 12 month high of $15.84. The firm has a market cap of $48.47 billion, a P/E ratio of 5.75 and a beta of 1.27. The company’s 50 day moving average price is $12.31 and its 200 day moving average price is $12.92.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The business earned $39.50 million during the quarter, compared to the consensus estimate of $36.29 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that Ford Motor Co. will post $1.82 EPS for the current year.
A number of research analysts have recently issued reports on the company. Jefferies Group reissued a “sell” rating on shares of Ford Motor in a research note on Sunday, September 4th. Barclays PLC reissued an “equal weight” rating and issued a $13.00 price objective (down from $14.00) on shares of Ford Motor in a research note on Tuesday, July 19th. Nomura assumed coverage on Ford Motor in a research note on Tuesday, September 20th. They issued a “buy” rating and a $14.00 price objective on the stock. Credit Agricole SA dropped their price objective on Ford Motor from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $13.00 price objective on shares of Ford Motor in a research note on Friday, September 16th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Ford Motor presently has an average rating of “Hold” and a consensus price target of $14.07.
In other Ford Motor news, Director John C. Lechleiter bought 5,000 shares of Ford Motor stock in a transaction dated Monday, August 8th. The shares were purchased at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $306,500. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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