Huntington National Bank increased its stake in Ford Motor Co. (NYSE:F) by 370.8% during the second quarter, Holdings Channel reports. The firm owned 1,338,905 shares of the auto manufacturer’s stock after buying an additional 1,054,521 shares during the period. Huntington National Bank’s holdings in Ford Motor were worth $16,830,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in F. Acrospire Investment Management LLC bought a new stake in shares of Ford Motor during the first quarter valued at about $104,000. Lazard Asset Management LLC increased its stake 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 increased its stake 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. increased its stake 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. increased its stake 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. Institutional investors and hedge funds own 56.05% of the company’s stock.
Shares of Ford Motor Co. (NYSE:F) traded down 1.24% during trading on Tuesday, hitting $11.97. The stock had a trading volume of 33,807,095 shares. The stock has a 50 day moving average of $12.30 and a 200 day moving average of $12.89. Ford Motor Co. has a 12 month low of $11.02 and a 12 month high of $15.84. The company has a market cap of $47.56 billion, a PE ratio of 5.65 and a beta of 1.27.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (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 company had revenue of $39.50 million for the quarter, compared to the consensus estimate of $36.29 billion. During the same period in the prior year, the firm posted $0.47 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts forecast that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
Several equities research analysts recently issued reports on F shares. Tigress Financial reiterated a “buy” rating on shares of Ford Motor in a report on Tuesday, June 21st. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, June 21st. Goldman Sachs Group Inc. set a $15.00 price objective on Ford Motor and gave the company a “buy” rating in a research note on Thursday, July 7th. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.45 price objective for the company. in a research note on Monday, July 4th. Finally, Rodman & Renshaw assumed coverage on Ford Motor in a research note on Monday, July 18th. They issued a “buy” rating for the company. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.03.
In other Ford Motor news, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the completion of the sale, the insider now owns 32,969 shares of the company’s stock, valued at $399,254.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Lechleiter purchased 5,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were bought at an average cost of $12.26 per share, with a total value of $61,300.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $306,500. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.
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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