Parkwood buys $7,095,178 stake in Ford Motor Company (F)

Ford Motor Company (F) : Parkwood scooped up 281,502 additional shares in Ford Motor Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 527,915 shares of Ford Motor Company which is valued at $7,095,178.Ford Motor Company makes up approximately 1.22% of Parkwood’s portfolio.

Ford Motor Company opened for trading at $13.26 and hit $13.48 on the upside on Friday, eventually ending the session at $13.44, with a gain of 0.90% or 0.12 points. The heightened volatility saw the trading volume jump to 2,32,84,500 shares. Company has a market cap of $53,395 M.

Other Hedge Funds, Including , Cribstone Capital Management boosted its stake in F in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 60,196 shares of Ford Motor Company which is valued at $809,034. Ford Motor Company makes up approx 0.66% of Cribstone Capital Management’s portfolio. Moisand Fitzgerald Tamayo sold out all of its stake in F during the most recent quarter. The investment firm sold 1,238 shares of F which is valued $16,787.Dupont Capital Management Corp reduced its stake in F by selling 273,702 shares or 30.4% in the most recent quarter. The Hedge Fund company now holds 626,495 shares of F which is valued at $8,495,272. Ford Motor Company makes up approx 0.19% of Dupont Capital Management Corp’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in F by selling 650,000 shares or 24.07% in the most recent quarter. The Hedge Fund company now holds 2,050,000 shares of F which is valued at $27,798,000. Ford Motor Company makes up approx 0.12% of State Of New Jersey Common Pension Fund D’s portfolio. Strs Ohio sold out all of its stake in F during the most recent quarter. The investment firm sold 3,995,806 shares of F which is valued $54,382,920.

On the company’s financial health, Ford Motor Company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.47. The company had revenue of $35257.00 million for the quarter, compared to analysts expectations of $35840.24 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Ford Motor Company. Ford Motor Company was Downgraded by BofA/Merrill to ” Neutral” on Apr 29, 2016. Shares were Reiterated by UBS on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $22 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .

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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