Palouse Capital Management buys $6,865,277 stake in Ford Motor Company (F)

Ford Motor Company (F) : Palouse Capital Management scooped up 21,188 additional shares in Ford Motor Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 496,046 shares of Ford Motor Company which is valued at $6,865,277.Ford Motor Company makes up approximately 2.66% of Palouse Capital Management’s portfolio.

Other Hedge Funds, Including , Hl Financial Services boosted its stake in F in the latest quarter, The investment management firm added 50,893 additional shares and now holds a total of 240,723 shares of Ford Motor Company which is valued at $3,331,606. Ford Motor Company makes up approx 0.08% of Hl Financial Services’s portfolio.Blb&b Advisors reduced its stake in F by selling 81,513 shares or 28.73% in the most recent quarter. The Hedge Fund company now holds 202,224 shares of F which is valued at $2,778,558. Ford Motor Company makes up approx 0.51% of Blb&b Advisors’s portfolio.Nisa Investment Advisors reduced its stake in F by selling 97,350 shares or 8.1% in the most recent quarter. The Hedge Fund company now holds 1,104,583 shares of F which is valued at $15,077,558. Ford Motor Company makes up approx 0.20% of Nisa Investment Advisors’s portfolio.Next Financial Group Inc boosted its stake in F in the latest quarter, The investment management firm added 18,911 additional shares and now holds a total of 166,333 shares of Ford Motor Company which is valued at $2,177,299. Ford Motor Company makes up approx 0.68% of Next Financial Group Inc’s portfolio.Patten Patten Inctn boosted its stake in F in the latest quarter, The investment management firm added 360 additional shares and now holds a total of 20,061 shares of Ford Motor Company which is valued at $262,598. Ford Motor Company makes up approx 0.04% of Patten Patten Inctn’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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