Starfire Investment Advisers Inc. raised its position in Ford Motor Co. (NYSE:F) by 26.8% during the second quarter, Holdings Channel reports. The institutional investor owned 21,786 shares of the auto manufacturer’s stock after buying an additional 4,606 shares during the period. Starfire Investment Advisers Inc.’s holdings in Ford Motor were worth $274,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of F. NN Investment Partners Holdings N.V. acquired a new position in Ford Motor during the first quarter worth approximately $95,992,000. Natixis raised its position in Ford Motor by 1,101.7% in the first quarter. Natixis now owns 4,883,711 shares of the auto manufacturer’s stock worth $65,930,000 after buying an additional 4,477,314 shares in the last quarter. Cornerstone Investment Partners LLC raised its position in Ford Motor by 2,505.4% in the second quarter. Cornerstone Investment Partners LLC now owns 4,637,695 shares of the auto manufacturer’s stock worth $58,296,000 after buying an additional 4,459,691 shares in the last quarter. Franklin Resources Inc. raised its position in Ford Motor by 5.2% in the first quarter. Franklin Resources Inc. now owns 75,325,238 shares of the auto manufacturer’s stock worth $1,016,891,000 after buying an additional 3,749,925 shares in the last quarter. Finally, Artemis Investment Management LLP raised its position in Ford Motor by 138.4% in the second quarter. Artemis Investment Management LLP now owns 3,309,200 shares of the auto manufacturer’s stock worth $41,580,000 after buying an additional 1,921,100 shares in the last quarter. 56.06% of the stock is currently owned by institutional investors.
Shares of Ford Motor Co. (NYSE:F) traded down 0.81% on Friday, reaching $12.29. The company had a trading volume of 22,068,551 shares. Ford Motor Co. has a 12 month low of $11.02 and a 12 month high of $15.84. The stock has a market cap of $48.83 billion, a PE ratio of 5.80 and a beta of 1.27. The stock has a 50-day moving average price of $12.31 and a 200-day moving average price of $12.91.
Ford Motor (NYSE:F) last announced 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. The company had revenue of $39.50 million for the quarter, compared to analyst estimates of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. Analysts predict that Ford Motor Co. will post $1.82 earnings per share for the current fiscal year.
A number of equities analysts have commented on F shares. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price objective on the stock in a research note on Monday, June 27th. Piper Jaffray Cos. started coverage on Ford Motor in a research note on Thursday, June 9th. They issued an “overweight” rating and a $17.00 price objective on the stock. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Ford Motor in a research note on Monday, September 12th. Rodman & Renshaw started coverage on Ford Motor in a research note on Monday, July 18th. They issued a “buy” rating on the stock. Finally, Seaport Global Securities assumed coverage on Ford Motor in a research note on Tuesday, August 9th. They issued a “buy” rating and a $20.00 price objective on the stock. Five analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.07.
In other Ford Motor news, Director John C. Lechleiter acquired 5,000 shares of the stock in a transaction dated Monday, August 8th. The stock was purchased at an average cost of $12.26 per share, with a total value of $61,300.00. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $306,500. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the completion of the transaction, the insider now directly owns 32,969 shares of the company’s stock, valued at $399,254.59. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
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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