Lau Associates Lowers stake in Ford Motor Company (F)

Ford Motor Company (F) : Lau Associates reduced its stake in Ford Motor Company by 0.9% during the most recent quarter end. The investment management company now holds a total of 110,300 shares of Ford Motor Company which is valued at $1,376,544 after selling 1,000 shares in Ford Motor Company , the firm said in a disclosure report filed with the SEC on Oct 3, 2016.Ford Motor Company makes up approximately 1.40% of Lau Associates’s portfolio.

Other Hedge Funds, Including ,

Ford Motor Company opened for trading at $12.11 and hit $12.25 on the upside on Tuesday, eventually ending the session at $12.2, with a gain of 0.83% or 0.1 points. The heightened volatility saw the trading volume jump to 2,39,48,703 shares. Company has a market cap of $48,474 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. Nomura Initiated Ford Motor Company on Sep 20, 2016 to “Buy”, Price Target of the shares are set at $14.Ford Motor Company was Downgraded by Buckingham Research to ” Neutral” on Sep 20, 2016. Ford Motor Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 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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