Ford Motor Company (F) : Evercore Trust Company N.a. scooped up 5,958,783 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 12, 2016. The investment management firm now holds a total of 224,220,368 shares of Ford Motor Company which is valued at $2,964.2 Million.Ford Motor Company makes up approximately 9.71% of Evercore Trust Company N.a.’s portfolio.
Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… added F to its portfolio by purchasing 1,663,300 company shares during the most recent quarter which is valued at $22 Million. Ford Motor Company makes up approx 0.33% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Norges Bank reduced its stake in F by selling 1,012,233 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 32,378,700 shares of F which is valued at $428 Million. Ford Motor Company makes up approx 0.21% of Norges Bank’s portfolio.Sva Plumb Wealth Management reduced its stake in F by selling 8,876 shares or 9.93% in the most recent quarter. The Hedge Fund company now holds 80,505 shares of F which is valued at $1.1 Million. Ford Motor Company makes up approx 0.18% of Sva Plumb Wealth Management’s portfolio. Polaris Greystone Financial Group added F to its portfolio by purchasing 10,420 company shares during the most recent quarter which is valued at $141,295. Ford Motor Company makes up approx 0.02% of Polaris Greystone Financial Group’s portfolio.World Asset Management Inc reduced its stake in F by selling 36,950 shares or 8.47% in the most recent quarter. The Hedge Fund company now holds 399,299 shares of F which is valued at $5.4 Million. Ford Motor Company makes up approx 0.21% of World Asset Management Inc’s portfolio.
Ford Motor Company opened for trading at $13.15 and hit $13.26 on the upside on Friday, eventually ending the session at $13.19, with a gain of 0.76% or 0.1 points. The heightened volatility saw the trading volume jump to 1,94,65,010 shares. Company has a market cap of $52,402 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.