Ford Motor Company (F) : Nuveen Fund Advisors added new position in Ford Motor Company during the most recent quarter end. The investment management firm now holds 520,769 shares of Ford Motor Company which is valued at $6,421,082 , the company said in a statement filed on Aug 12, 2016 with the SEC.Ford Motor Company makes up approximately 0.95% of Nuveen Fund Advisors’s portfolio.
Other Hedge Funds, Including , Spark Investment Management reduced its stake in F by selling 128,300 shares or 39.91% in the most recent quarter. The Hedge Fund company now holds 193,188 shares of F which is valued at $2,382,008. Ford Motor Company makes up approx 0.21% of Spark Investment Management’s portfolio.Blackrock Group Ltd boosted its stake in F in the latest quarter, The investment management firm added 345,115 additional shares and now holds a total of 32,225,481 shares of Ford Motor Company which is valued at $397,340,181. Ford Motor Company makes up approx 0.20% of Blackrock Group Ltd’s portfolio.Wealthsource Partners reduced its stake in F by selling 469 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 35,289 shares of F which is valued at $434,408. Ford Motor Company makes up approx 0.16% of Wealthsource Partners’s portfolio.Moody National Bank Trust Division boosted its stake in F in the latest quarter, The investment management firm added 17,900 additional shares and now holds a total of 44,425 shares of Ford Motor Company which is valued at $538,875. Ford Motor Company makes up approx 0.03% of Moody National Bank Trust Division’s portfolio.First Citizens Bank Trust Co reduced its stake in F by selling 25,266 shares or 8.6% in the most recent quarter. The Hedge Fund company now holds 268,453 shares of F which is valued at $3,398,615. Ford Motor Company makes up approx 0.29% of First Citizens Bank Trust Co’s portfolio.
Ford Motor Company opened for trading at $12.38 and hit $12.5 on the upside on Monday, eventually ending the session at $12.47, with a gain of 0.73% or 0.09 points. The heightened volatility saw the trading volume jump to 2,22,43,199 shares. Company has a market cap of $49,546 M.
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. Ford Motor Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016. Jefferies Initiated Ford Motor Company on Aug 9, 2016 to “Underperform”, Price Target of the shares are set at $10.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 .
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.