SignalPoint Asset Management LLC boosted its position in shares of Ford Motor Co. (NYSE:F) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,507 shares of the auto manufacturer’s stock after buying an additional 1,666 shares during the period. SignalPoint Asset Management LLC’s holdings in Ford Motor were worth $1,113,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the stock. 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 raised 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 period. Financial Architects Inc raised 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 period. Community Bank N.A. raised 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 period. Finally, Leavell Investment Management Inc. raised 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 period. 56.06% of the stock is owned by institutional investors and hedge funds.
Ford Motor Co. (NYSE:F) traded up 2.30% during trading on Wednesday, hitting $12.48. 55,474,740 shares of the stock traded hands. Ford Motor Co. has a 52 week low of $11.02 and a 52 week high of $15.84. The stock has a market cap of $49.59 billion, a P/E ratio of 5.89 and a beta of 1.27. The firm’s 50-day moving average is $12.31 and its 200 day moving average is $12.92.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The firm earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts forecast that Ford Motor Co. will post $1.82 earnings per share for the current fiscal year.
F has been the subject of several recent research reports. Jefferies Group reissued a “sell” rating and issued a $10.00 price objective on shares of Ford Motor in a research report on Wednesday, August 17th. Rodman & Renshaw started coverage on shares of Ford Motor in a research note on Monday, July 18th. They issued a “buy” rating for the company. Piper Jaffray Cos. started coverage on shares of Ford Motor in a research note on Thursday, June 9th. They issued an “overweight” rating and a $17.00 target price for the company. Vetr downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and set a $13.46 target price for the company. in a research note on Monday, July 11th. Finally, Daiwa Capital Markets downgraded shares of Ford Motor from a “neutral” rating to an “underperform” rating in a research note on Monday, August 1st. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.07.
In other news, Director John C. Lechleiter bought 5,000 shares of Ford Motor stock in a transaction dated Monday, August 8th. The shares were bought at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the purchase, the director now owns 25,000 shares of the company’s stock, valued at $306,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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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