North Star Investment Management Corp. buys $3,596,880 stake in Ford Motor Company (F)

Ford Motor Company (F) : North Star Investment Management Corp. scooped up 22,855 additional shares in Ford Motor Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 299,990 shares of Ford Motor Company which is valued at $3,596,880.Ford Motor Company makes up approximately 0.65% of North Star Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in F by selling 259,601 shares or 12.82% in the most recent quarter. The Hedge Fund company now holds 1,764,669 shares of F which is valued at $21,158,381. Ford Motor Company makes up approx 0.22% of British Columbia Investment Management Corp’s portfolio. Canal Capital Management added F to its portfolio by purchasing 90,022 company shares during the most recent quarter which is valued at $1,091,067. Ford Motor Company makes up approx 1.02% of Canal Capital Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in F in the latest quarter, The investment management firm added 1,137,079 additional shares and now holds a total of 2,070,314 shares of Ford Motor Company which is valued at $25,092,206. Ford Motor Company makes up approx 0.54% of Oregon Public Employees Retirement Fund’s portfolio.Bath Savings Trust Co reduced its stake in F by selling 1,987 shares or 7.71% in the most recent quarter. The Hedge Fund company now holds 23,797 shares of F which is valued at $296,987. Ford Motor Company makes up approx 0.09% of Bath Savings Trust Co’s portfolio.

Ford Motor Company closed down -0.13 points or -1.07% at $11.99 with 4,00,53,504 shares getting traded on Tuesday. Post opening the session at $12.17, the shares hit an intraday low of $11.91 and an intraday high of $12.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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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