Burke & Herbert Bank & Trust Co. increased its position in Ford Motor Co. (NYSE:F) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 26,336 shares of the auto manufacturer’s stock after buying an additional 575 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Ford Motor were worth $331,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of F. Mount Lucas Management LP boosted its position in Ford Motor by 60.3% in the first quarter. Mount Lucas Management LP now owns 1,885,747 shares of the auto manufacturer’s stock worth $25,458,000 after buying an additional 709,103 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Ford Motor by 1.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,838,615 shares of the auto manufacturer’s stock worth $78,821,000 after buying an additional 72,800 shares during the last quarter. Legal & General Group Plc boosted its position in Ford Motor by 3.3% in the first quarter. Legal & General Group Plc now owns 18,761,433 shares of the auto manufacturer’s stock worth $253,250,000 after buying an additional 597,065 shares during the last quarter. Natixis boosted its position in Ford Motor by 1,101.7% in the first quarter. Natixis now owns 4,883,711 shares of the auto manufacturer’s stock worth $65,930,000 after buying an additional 4,477,314 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Ford Motor by 38.8% in the first quarter. Nuveen Asset Management LLC now owns 2,147,045 shares of the auto manufacturer’s stock worth $28,986,000 after buying an additional 600,568 shares during the last quarter. Hedge funds and other institutional investors own 56.06% of the company’s stock.
Shares of Ford Motor Co. (NYSE:F) traded up 2.30% during mid-day trading on Wednesday, hitting $12.48. The stock had a trading volume of 55,529,059 shares. The stock has a market cap of $49.59 billion, a P/E ratio of 5.89 and a beta of 1.27. The company’s 50 day moving average price is $12.31 and its 200 day moving average price is $12.91. Ford Motor Co. has a 12-month low of $11.02 and a 12-month high of $15.84.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The business earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. Equities research analysts predict that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
A number of equities analysts recently weighed in on the company. Jefferies Group reaffirmed a “sell” rating and issued a $10.00 price target on shares of Ford Motor in a report on Wednesday, August 17th. Rodman & Renshaw began coverage on Ford Motor in a report on Monday, July 18th. They issued a “buy” rating for the company. Piper Jaffray Cos. began coverage on Ford Motor in a report on Thursday, June 9th. They set an “overweight” rating and a $17.00 target price for the company. Vetr cut Ford Motor from a “buy” rating to a “hold” rating and set a $13.46 target price for the company. in a report on Monday, July 11th. Finally, Daiwa Capital Markets cut Ford Motor from a “neutral” rating to an “underperform” rating in a report on Monday, August 1st. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $14.07.
In other Ford Motor news, Director John C. Lechleiter purchased 5,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was bought at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the acquisition, the director now owns 25,000 shares of the company’s stock, valued at approximately $306,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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