Hendley Co Inc Lowers stake in Ford Motor Company (F)

Ford Motor Company (F) : Hendley Co Inc reduced its stake in Ford Motor Company by 1.08% during the most recent quarter end. The investment management company now holds a total of 130,807 shares of Ford Motor Company which is valued at $1,780,283 after selling 1,434 shares in Ford Motor Company , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Ford Motor Company makes up approximately 1.09% of Hendley Co Inc’s portfolio.

Ford Motor Company opened for trading at $13.64 and hit $13.71 on the upside on Wednesday, eventually ending the session at $13.66, with a gain of 0.44% or 0.06 points. The heightened volatility saw the trading volume jump to 2,71,51,410 shares. Company has a market cap of $54,224 M.

Other Hedge Funds, Including , Foster Motley Inc boosted its stake in F in the latest quarter, The investment management firm added 93,918 additional shares and now holds a total of 253,375 shares of Ford Motor Company which is valued at $3,448,434. Ford Motor Company makes up approx 0.69% of Foster Motley Inc’s portfolio.Winslow Evans Crocker reduced its stake in F by selling 192 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 26,306 shares of F which is valued at $358,025. Ford Motor Company makes up approx 0.11% of Winslow Evans Crocker’s portfolio.New York State Teachers Retirement System boosted its stake in F in the latest quarter, The investment management firm added 146,871 additional shares and now holds a total of 8,035,220 shares of Ford Motor Company which is valued at $109,359,344. Ford Motor Company makes up approx 0.28% of New York State Teachers Retirement System’s portfolio.

On the company’s financial health, Ford Motor Company reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.51. The company had revenue of $37900.00 million for the quarter, compared to analysts expectations of $36272.46 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Ford Motor Company. Credit Suisse Downgraded Ford Motor Company on Feb 24, 2016 to ” Underperform”, Price Target of the shares are set at $13.Shares were Reiterated by Barclays on Jan 25, 2016 to “Equal Weight” and Lowered the Price Target to $ 14 from a previous price target of $16 .

Ford Motor Company (Ford) manufactures or distributes automobiles across six continents. The Company operates in two sectors: Automotive and Financial Services. Automotive sector includes North America South America Europe Middle East & Africa and Asia Pacific segments. Financial Services sector includes Ford Motor Credit Company and Other Financial Services segments. Its automotive brands include Ford and Lincoln. Other Financial Services includes a range of businesses including holding companies and real estate-related activities. The Company has around 62 plants across the world. Through its wholly owned subsidiary Ford Motor Credit Company LLC it provides automotive financing products to and through automotive dealers throughout the world.

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