Mount Lucas Management Lp Lowers stake in Ford Motor Company (F)

Ford Motor Company (F) : Mount Lucas Management Lp reduced its stake in Ford Motor Company by 0.79% during the most recent quarter end. The investment management company now holds a total of 1,870,890 shares of Ford Motor Company which is valued at $23,068,074 after selling 14,857 shares in Ford Motor Company , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Ford Motor Company makes up approximately 3.92% of Mount Lucas Management Lp’s portfolio.

Other Hedge Funds, Including , Grt Capital Partners L.l.c. reduced its stake in F by selling 2,152 shares or 6.44% in the most recent quarter. The Hedge Fund company now holds 31,278 shares of F which is valued at $385,658. Ford Motor Company makes up approx 0.09% of Grt Capital Partners L.l.c.’s portfolio.Riverhead Capital Management reduced its stake in F by selling 164,077 shares or 37.49% in the most recent quarter. The Hedge Fund company now holds 273,635 shares of F which is valued at $3,373,920. Ford Motor Company makes up approx 0.06% of Riverhead Capital Management’s portfolio.Loomis Sayles Co L P reduced its stake in F by selling 108,623 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 31,530,326 shares of F which is valued at $388,768,920. Ford Motor Company makes up approx 1.00% of Loomis Sayles Co L P’s portfolio.Bnp Paribas Investment Partners S.a. boosted its stake in F in the latest quarter, The investment management firm added 33,713 additional shares and now holds a total of 436,919 shares of Ford Motor Company which is valued at $5,378,473. Ford Motor Company makes up approx 0.05% of Bnp Paribas Investment Partners S.a.’s portfolio.Royal London Asset Management Ltd reduced its stake in F by selling 258,418 shares or 16.59% in the most recent quarter. The Hedge Fund company now holds 1,298,893 shares of F which is valued at $15,755,572. Ford Motor Company makes up approx 0.25% of Royal London Asset Management Ltd’s portfolio.

Ford Motor Company closed down -0.16 points or -1.27% at $12.44 with 4,05,10,406 shares getting traded on Thursday. Post opening the session at $12.66, the shares hit an intraday low of $12.35 and an intraday high of $12.72 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Ford Motor Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016. Jefferies Initiated Ford Motor Company on Aug 9, 2016 to “Underperform”, Price Target of the shares are set at $10.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 .

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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