Ford Motor Company (F) : Estabrook Capital Management reduced its stake in Ford Motor Company by 2.03% during the most recent quarter end. The investment management company now holds a total of 1,384,250 shares of Ford Motor Company which is valued at $18.3 Million after selling 28,638 shares in Ford Motor Company , the firm said in a disclosure report filed with the SEC on May 11, 2016.Ford Motor Company makes up approximately 2.73% of Estabrook Capital Management’s portfolio.
Other Hedge Funds, Including , Atlantic Trust Group reduced its stake in F by selling 8,260 shares or 12.09% in the most recent quarter. The Hedge Fund company now holds 60,048 shares of F which is valued at $793,835. Ford Motor Company makes up approx 0.01% of Atlantic Trust Group’s portfolio.First National Trust Co boosted its stake in F in the latest quarter, The investment management firm added 5,513 additional shares and now holds a total of 261,255 shares of Ford Motor Company which is valued at $3.5 Million. Ford Motor Company makes up approx 0.53% of First National Trust Co’s portfolio.Deprince Race Zollo Inc reduced its stake in F by selling 806,010 shares or 17.9% in the most recent quarter. The Hedge Fund company now holds 3,695,915 shares of F which is valued at $49.7 Million. Ford Motor Company makes up approx 0.97% of Deprince Race Zollo Inc’s portfolio.Physicians Financial Services boosted its stake in F in the latest quarter, The investment management firm added 416 additional shares and now holds a total of 19,120 shares of Ford Motor Company which is valued at $259,267. Ford Motor Company makes up approx 0.24% of Physicians Financial Services’s portfolio.
Ford Motor Company opened for trading at $13.22 and hit $13.375 on the upside on Monday, eventually ending the session at $13.32, with a gain of 0.76% or 0.1 points. The heightened volatility saw the trading volume jump to 2,12,62,679 shares. Company has a market cap of $52,918 M.
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.