First Citizens Bank & Trust Co. decreased its stake in Ford Motor Co. (NYSE:F) by 8.6% during the second quarter, Holdings Channel reports. The firm owned 268,453 shares of the auto manufacturer’s stock after selling 25,266 shares during the period. First Citizens Bank & Trust Co.’s holdings in Ford Motor were worth $3,374,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Starfire Investment Advisers Inc. raised its stake in shares of Ford Motor by 26.8% in the second quarter. Starfire Investment Advisers Inc. now owns 21,786 shares of the auto manufacturer’s stock valued at $274,000 after buying an additional 4,606 shares during the period. Atlas Brown Inc. raised its stake in Ford Motor by 0.5% in the second quarter. Atlas Brown Inc. now owns 39,718 shares of the auto manufacturer’s stock worth $499,000 after buying an additional 203 shares during the last quarter. Greenleaf Trust raised its stake in Ford Motor by 6.2% in the second quarter. Greenleaf Trust now owns 17,014 shares of the auto manufacturer’s stock worth $214,000 after buying an additional 1,000 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Ford Motor by 9.9% in the second quarter. Quadrant Capital Group LLC now owns 14,644 shares of the auto manufacturer’s stock worth $174,000 after buying an additional 1,324 shares during the last quarter. Finally, ClariVest Asset Management LLC raised its stake in Ford Motor by 21.1% in the second quarter. ClariVest Asset Management LLC now owns 53,294 shares of the auto manufacturer’s stock worth $670,000 after buying an additional 9,269 shares during the last quarter. 56.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ford Motor Co. (NYSE:F) traded down 1.14% during trading on Monday, reaching $12.15. 13,855,027 shares of the company’s stock were exchanged. Ford Motor Co. has a 52-week low of $11.02 and a 52-week high of $15.84. The company has a 50 day moving average price of $12.31 and a 200-day moving average price of $12.90. The company has a market capitalization of $48.27 billion, a PE ratio of 5.73 and a beta of 1.27.
Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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 earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. During the same period in the previous year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts forecast that Ford Motor Co. will post $1.82 earnings per share for the current year.
A number of equities research analysts recently issued reports on the company. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $12.00 target price (down previously from $13.00) on shares of Ford Motor in a research note on Saturday. Buckingham Research lowered Ford Motor from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $12.00 in a research note on Tuesday, September 20th. Nomura began coverage on Ford Motor in a research note on Tuesday, September 20th. They set a “buy” rating and a $14.00 price target on the stock. Deutsche Bank AG reissued a “hold” rating and set a $13.00 price target on shares of Ford Motor in a research note on Friday, September 16th. Finally, Bank of America Corp. reissued a “neutral” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, September 14th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Ford Motor presently has an average rating of “Hold” and a consensus target price of $14.03.
In related news, insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the transaction, the insider now owns 32,969 shares in the company, valued at approximately $399,254.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the acquisition, the director now directly owns 25,000 shares in the company, valued at $306,500. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.
About Ford Motor
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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