Ford Motor Company (F) : Boyd Watterson Asset Managementoh reduced its stake in Ford Motor Company by 1.26% during the most recent quarter end. The investment management company now holds a total of 148,239 shares of Ford Motor Company which is valued at $2,023,462 after selling 1,890 shares in Ford Motor Company , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Ford Motor Company makes up approximately 0.98% of Boyd Watterson Asset Managementoh’s portfolio.
Other Hedge Funds, Including , Hartford Financial Management reduced its stake in F by selling 643 shares or 25.53% in the most recent quarter. The Hedge Fund company now holds 1,876 shares of F which is valued at $25,457. Ford Motor Company makes up approx 0.01% of Hartford Financial Management’s portfolio.Davis R M Inc reduced its stake in F by selling 155 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 13,485 shares of F which is valued at $184,070. Ford Motor Company makes up approx 0.01% of Davis R M Inc’s portfolio.Gradient Investments reduced its stake in F by selling 10,451 shares or 43.21% in the most recent quarter. The Hedge Fund company now holds 13,734 shares of F which is valued at $187,469. Ford Motor Company makes up approx 0.02% of Gradient Investments’s portfolio.
Ford Motor Company opened for trading at $13.56 and hit $13.68 on the upside on Monday, eventually ending the session at $13.65, with a gain of 0.59% or 0.08 points. The heightened volatility saw the trading volume jump to 2,25,45,937 shares. Company has a market cap of $54,229 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. Piper Jaffray Initiated Ford Motor Company on Jun 10, 2016 to “Overweight”, Price Target of the shares are set at $17.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 .
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.