Sigma Planning Corp Lowers stake in Ford Motor Company (F)

Ford Motor Company (F) : Sigma Planning Corp reduced its stake in Ford Motor Company by 1.97% during the most recent quarter end. The investment management company now holds a total of 501,144 shares of Ford Motor Company which is valued at $6,935,833 after selling 10,061 shares in Ford Motor Company , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Ford Motor Company makes up approximately 0.88% of Sigma Planning Corp’s portfolio.

Other Hedge Funds, Including , Profit Investment Management sold out all of its stake in F during the most recent quarter. The investment firm sold 249,119 shares of F which is valued $3,447,807.Heritage Investors Management Corp reduced its stake in F by selling 1,085 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 339,819 shares of F which is valued at $4,638,529. Ford Motor Company makes up approx 0.34% of Heritage Investors Management Corp’s portfolio.Physicians Financial Services reduced its stake in F by selling 297 shares or 1.55% in the most recent quarter. The Hedge Fund company now holds 18,823 shares of F which is valued at $256,934. Ford Motor Company makes up approx 0.22% of Physicians Financial Services’s portfolio.Culbertson A N Co Inc boosted its stake in F in the latest quarter, The investment management firm added 76,396 additional shares and now holds a total of 128,055 shares of Ford Motor Company which is valued at $1,726,181. Ford Motor Company makes up approx 0.62% of Culbertson A N Co Inc’s portfolio.Fisher Asset Management reduced its stake in F by selling 92,130 shares or 9.7% in the most recent quarter. The Hedge Fund company now holds 857,222 shares of F which is valued at $11,555,353. Ford Motor Company makes up approx 0.02% of Fisher Asset Management’s portfolio.

Ford Motor Company closed down -0.05 points or -0.39% at $12.66 with 5,97,54,088 shares getting traded on Friday. Post opening the session at $12.61, the shares hit an intraday low of $12.6 and an intraday high of $12.88 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 $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $37000.00 million for the quarter, compared to analysts expectations of $36279.44 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Ford Motor Company. Shares were Downgraded by Goldman on Jul 29, 2016 to ” Neutral” and Lowered the Price Target to $ 13 from a previous price target of $15 .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.

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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