Ford Motor Company (F) : Svenska Handelsbanken Ab (publ) reduced its stake in Ford Motor Company by 25.83% during the most recent quarter end. The investment management company now holds a total of 2,225,233 shares of Ford Motor Company which is valued at $29.4 Million after selling 774,767 shares in Ford Motor Company , the firm said in a disclosure report filed with the SEC on May 12, 2016.Ford Motor Company makes up approximately 3.23% of Svenska Handelsbanken Ab (publ)’s portfolio.
Other Hedge Funds, Including , Guardian Life Insurance Co Of America reduced its stake in F by selling 4,080 shares or 22.06% in the most recent quarter. The Hedge Fund company now holds 14,417 shares of F which is valued at $190,593. Ford Motor Company makes up approx 0.04% of Guardian Life Insurance Co Of America’s portfolio.Airain Ltd reduced its stake in F by selling 540,908 shares or 87.08% in the most recent quarter. The Hedge Fund company now holds 80,286 shares of F which is valued at $1.1 Million. Ford Motor Company makes up approx 0.07% of Airain Ltd’s portfolio. Yorktown Management Research Co Inc sold out all of its stake in F during the most recent quarter. The investment firm sold 167,000 shares of F which is valued $2.2 Million.Mizuho Trust Banking Ltd. boosted its stake in F in the latest quarter, The investment management firm added 146,849 additional shares and now holds a total of 6,021,007 shares of Ford Motor Company which is valued at $81.6 Million. Ford Motor Company makes up approx 0.26% of Mizuho Trust Banking Ltd.’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.