Park Avenue Securities LLC acquired a new position in shares of Ford Motor Co. (NYSE:F) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 10,857 shares of the auto manufacturer’s stock, valued at approximately $138,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA raised its position in Ford Motor by 215.7% in the first quarter. Glenmede Trust Co. NA now owns 175,358 shares of the auto manufacturer’s stock valued at $2,366,000 after buying an additional 119,820 shares during the period. Manchester Capital Management LLC raised its position in Ford Motor by 8.1% in the first quarter. Manchester Capital Management LLC now owns 9,988 shares of the auto manufacturer’s stock valued at $135,000 after buying an additional 750 shares during the period. guardian investment management raised its position in Ford Motor by 16.0% in the first quarter. guardian investment management now owns 29,075 shares of the auto manufacturer’s stock valued at $392,000 after buying an additional 4,000 shares during the period. Icon Advisers Inc. Co. raised its position in Ford Motor by 13.7% in the first quarter. Icon Advisers Inc. Co. now owns 64,100 shares of the auto manufacturer’s stock valued at $865,000 after buying an additional 7,700 shares during the period. Finally, WASHINGTON TRUST Co raised its position in Ford Motor by 3.9% in the first quarter. WASHINGTON TRUST Co now owns 440,003 shares of the auto manufacturer’s stock valued at $5,940,000 after buying an additional 16,338 shares during the period. 56.06% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Co. (NYSE:F) traded up 0.83% on Tuesday, reaching $12.20. 23,948,703 shares of the company traded hands. The company has a market capitalization of $48.47 billion, a PE ratio of 5.75 and a beta of 1.27. The stock has a 50-day moving average of $12.31 and a 200 day moving average of $12.92. Ford Motor Co. has a 52-week low of $11.02 and a 52-week high of $15.84.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.08. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The firm had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $36.29 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Ford Motor Co. will post $1.82 EPS for the current year.
Several equities analysts have weighed in on F shares. Piper Jaffray Cos. started coverage on Ford Motor in a report on Thursday, June 9th. They set an “overweight” rating and a $17.00 target price on the stock. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, June 21st. Tigress Financial reiterated a “buy” rating on shares of Ford Motor in a research note on Tuesday, June 21st. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price objective on the stock in a research note on Monday, June 27th. Finally, Goldman Sachs Group Inc. set a $15.00 price objective on Ford Motor and gave the stock a “buy” rating in a research note on Thursday, July 7th. Five investment 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 stock. Ford Motor presently has an average rating of “Hold” and a consensus price target of $14.07.
In related news, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at $306,500. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company 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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