Diligent Investors LLC increased its position in Ford Motor Co. (NYSE:F) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,124 shares of the auto manufacturer’s stock after buying an additional 1,624 shares during the period. Diligent Investors LLC’s holdings in Ford Motor were worth $354,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Acrospire Investment Management LLC purchased a new stake in Ford Motor during the first quarter valued at $104,000. Lazard Asset Management LLC increased its stake in Ford Motor by 34.9% in the first quarter. Lazard Asset Management LLC now owns 9,170 shares of the auto manufacturer’s stock valued at $123,000 after buying an additional 2,370 shares during the last quarter. Financial Architects Inc increased its stake in Ford Motor by 232.5% in the second quarter. Financial Architects Inc now owns 9,863 shares of the auto manufacturer’s stock valued at $124,000 after buying an additional 6,897 shares during the last quarter. Community Bank N.A. increased its stake in Ford Motor by 3.0% in the second quarter. Community Bank N.A. now owns 10,215 shares of the auto manufacturer’s stock valued at $128,000 after buying an additional 300 shares during the last quarter. Finally, Leavell Investment Management Inc. increased its stake in Ford Motor by 3.6% in the second quarter. Leavell Investment Management Inc. now owns 10,543 shares of the auto manufacturer’s stock valued at $133,000 after buying an additional 368 shares during the last quarter. 56.06% of the stock is owned by institutional investors and hedge funds.
Shares of Ford Motor Co. (NYSE:F) traded down 0.72% during midday trading on Thursday, hitting $12.39. The company had a trading volume of 25,850,321 shares. The company’s 50 day moving average is $12.31 and its 200 day moving average is $12.91. The firm has a market cap of $49.23 billion, a price-to-earnings ratio of 5.84 and a beta of 1.27. Ford Motor Co. has a one year low of $11.02 and a one year 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 analysts’ consensus estimates of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The business had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $36.29 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that Ford Motor Co. will post $1.82 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the company. Deutsche Bank AG restated a “hold” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, August 17th. Goldman Sachs Group Inc. set a $15.00 price objective on Ford Motor and gave the stock a “buy” rating in a research report on Thursday, July 7th. Zacks Investment Research cut Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ford Motor in a research report on Monday, September 12th. Finally, Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.45 price objective for the company. in a research report on Monday, July 4th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Ford Motor has a consensus 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 stock in a transaction dated Monday, August 8th. The shares were acquired at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.
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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