Concannon Wealth Management buys $42,892 stake in Ford Motor Company (F)

Ford Motor Company (F) : Concannon Wealth Management scooped up 1,559 additional shares in Ford Motor Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 3,536 shares of Ford Motor Company which is valued at $42,892.Ford Motor Company makes up approximately 0.04% of Concannon Wealth Management’s portfolio.

Other Hedge Funds, Including , Rdl Financial Inc boosted its stake in F in the latest quarter, The investment management firm added 93,221 additional shares and now holds a total of 108,674 shares of Ford Motor Company which is valued at $1,318,216. Ford Motor Company makes up approx 0.95% of Rdl Financial Inc’s portfolio.Sigma Investment Counselors Inc reduced its stake in F by selling 1,563 shares or 5.18% in the most recent quarter. The Hedge Fund company now holds 28,622 shares of F which is valued at $362,355. Ford Motor Company makes up approx 0.06% of Sigma Investment Counselors Inc’s portfolio.Essex Financial Services reduced its stake in F by selling 591 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 55,207 shares of F which is valued at $698,921. Ford Motor Company makes up approx 0.16% of Essex Financial Services’s portfolio.Carroll Financial Associates reduced its stake in F by selling 3,049 shares or 19.45% in the most recent quarter. The Hedge Fund company now holds 12,629 shares of F which is valued at $173,522. Ford Motor Company makes up approx 0.03% of Carroll Financial Associates’s portfolio.Capstone Asset Management Co reduced its stake in F by selling 6,430 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 353,398 shares of F which is valued at $4,763,805. Ford Motor Company makes up approx 0.14% of Capstone Asset Management Co’s portfolio.

Ford Motor Company closed down -0.01 points or -0.08% at $12.18 with 3,33,10,587 shares getting traded on Monday. Post opening the session at $12.22, the shares hit an intraday low of $12.15 and an intraday high of $12.33 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Ford Motor Company reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $37000.00 million for the quarter, compared to analysts expectations of $36279.44 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Ford Motor Company. Shares were Downgraded by Goldman on Jul 29, 2016 to ” Neutral” and Lowered the Price Target to $ 13 from a previous price target of $15 .Piper Jaffray Initiated Ford Motor Company on Jun 10, 2016 to “Overweight”, Price Target of the shares are set at $17.

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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