White Pine Investment Co Lowers stake in Ford Motor Company (F)

Ford Motor Company (F) : White Pine Investment Co reduced its stake in Ford Motor Company by 3.63% during the most recent quarter end. The investment management company now holds a total of 476,405 shares of Ford Motor Company which is valued at $6,298,074 after selling 17,950 shares in Ford Motor Company , the firm said in a disclosure report filed with the SEC on May 9, 2016.Ford Motor Company makes up approximately 3.86% of White Pine Investment Co’s portfolio.

Other Hedge Funds, Including , Camelot Portfolios boosted its stake in F in the latest quarter, The investment management firm added 18,634 additional shares and now holds a total of 223,913 shares of Ford Motor Company which is valued at $2,960,130. Ford Motor Company makes up approx 1.81% of Camelot Portfolios’s portfolio.United Asset Strategies boosted its stake in F in the latest quarter, The investment management firm added 821 additional shares and now holds a total of 51,361 shares of Ford Motor Company which is valued at $690,292. Ford Motor Company makes up approx 0.30% of United Asset Strategies’s portfolio.Sawtooth Asset Management reduced its stake in F by selling 321,577 shares or 85.78% in the most recent quarter. The Hedge Fund company now holds 53,309 shares of F which is valued at $722,870. Ford Motor Company makes up approx 0.44% of Sawtooth Asset Management’s portfolio.Huntington National Bank reduced its stake in F by selling 654,745 shares or 69.72% in the most recent quarter. The Hedge Fund company now holds 284,384 shares of F which is valued at $3,856,247. Ford Motor Company makes up approx 0.10% of Huntington National Bank’s portfolio.Calamos Wealth Management boosted its stake in F in the latest quarter, The investment management firm added 24,921 additional shares and now holds a total of 120,765 shares of Ford Motor Company which is valued at $1,637,573. Ford Motor Company makes up approx 0.36% of Calamos Wealth Management’s portfolio.

Ford Motor Company closed down -0.13 points or -0.97% at $13.22 with 2,74,81,877 shares getting traded on Friday. Post opening the session at $13.34, the shares hit an intraday low of $13.17 and an intraday high of $13.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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