Baker Ellis Asset Management LLC cut its position in shares of Ford Motor Co. (NYSE:F) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 29,050 shares of the auto manufacturer’s stock after selling 50 shares during the period. Baker Ellis Asset Management LLC’s holdings in Ford Motor were worth $365,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Acrospire Investment Management LLC purchased a new stake in shares of Ford Motor during the first quarter valued at $104,000. Columbia Partners L L C Investment Management increased its position in Ford Motor by 15.9% in the first quarter. Columbia Partners L L C Investment Management now owns 81,211 shares of the auto manufacturer’s stock valued at $1,096,000 after buying an additional 11,166 shares during the period. Peapack Gladstone Financial Corp increased its position in Ford Motor by 5.8% in the first quarter. Peapack Gladstone Financial Corp now owns 345,243 shares of the auto manufacturer’s stock valued at $4,661,000 after buying an additional 18,983 shares during the period. BlackRock Japan Co. Ltd increased its position in Ford Motor by 1.2% in the first quarter. BlackRock Japan Co. Ltd now owns 4,662,209 shares of the auto manufacturer’s stock valued at $62,940,000 after buying an additional 54,956 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in Ford Motor by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 104,765,891 shares of the auto manufacturer’s stock valued at $1,414,340,000 after buying an additional 1,615,938 shares during the period. 56.06% of the stock is currently owned by hedge funds and other institutional investors.
Ford Motor Co. (NYSE:F) traded down 0.81% on Friday, hitting $12.29. The stock had a trading volume of 22,072,107 shares. The stock has a market capitalization of $48.83 billion, a price-to-earnings ratio of 5.80 and a beta of 1.27. Ford Motor Co. has a 52 week low of $11.02 and a 52 week high of $15.84. The company 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 quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Zacks’ 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 the consensus estimate of $36.29 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Ford Motor Co. will post $1.82 earnings per share for the current fiscal year.
Several equities analysts recently commented on F shares. Deutsche Bank AG restated a “hold” rating and set a $14.00 target price on shares of Ford Motor in a research report on Wednesday, August 17th. Goldman Sachs Group Inc. set a $15.00 target price on Ford Motor and gave the stock a “buy” rating in a research report on Thursday, July 7th. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Ford Motor in a research report on Monday, September 12th. Finally, Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.45 target price for the company. in a research report on Monday, July 4th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.07.
In related news, Director John C. Lechleiter bought 5,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average cost of $12.26 per share, with a total value of $61,300.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $306,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sankar S. Nair sold 82,000 shares of the firm’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following 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. 1.10% of the stock is owned by insiders.
About Ford Motor
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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