InterOcean Capital LLC cut its position in shares of Ford Motor (NYSE:F) by 5.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,849 shares of the auto manufacturer’s stock after selling 2,189 shares during the quarter. InterOcean Capital LLC’s holdings in Ford Motor were worth $183,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in F. State Street Corp grew its position in Ford Motor by 0.6% in the fourth quarter. State Street Corp now owns 179,629,126 shares of the auto manufacturer’s stock valued at $1,670,551,000 after purchasing an additional 1,059,652 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Ford Motor by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 59,039,835 shares of the auto manufacturer’s stock valued at $548,506,000 after acquiring an additional 1,372,342 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Ford Motor by 62.0% in the first quarter. Pzena Investment Management LLC now owns 51,098,081 shares of the auto manufacturer’s stock valued at $246,804,000 after acquiring an additional 19,549,840 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Ford Motor by 19.2% in the fourth quarter. Bank of New York Mellon Corp now owns 38,491,805 shares of the auto manufacturer’s stock valued at $357,973,000 after acquiring an additional 6,201,411 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ford Motor by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,536,073 shares of the auto manufacturer’s stock worth $209,586,000 after acquiring an additional 645,546 shares in the last quarter. 51.41% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on F shares. ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. UBS Group downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $13.00 to $4.30 in a report on Tuesday, March 24th. Deutsche Bank cut their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Zacks Investment Research downgraded shares of Ford Motor from a “hold” rating to a “sell” rating and set a $4.25 price objective for the company. in a research report on Tuesday, March 24th. Finally, Credit Suisse Group cut shares of Ford Motor from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $11.00 to $9.00 in a report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $7.49.
In other Ford Motor news, COO James D. Farley, Jr. bought 194,950 shares of the stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $5.13 per share, with a total value of $1,000,093.50. Following the completion of the acquisition, the chief operating officer now owns 828,922 shares of the company’s stock, valued at $4,252,369.86. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John C. Lechleiter bought 10,000 shares of the stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $5.10 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, the director now directly owns 110,000 shares of the company’s stock, valued at approximately $561,000. The disclosure for this purchase can be found here. Insiders purchased a total of 214,950 shares of company stock valued at $1,104,694 over the last 90 days. 0.91% of the stock is currently owned by corporate insiders.
Ford Motor stock traded up $0.02 during trading hours on Friday, hitting $5.65. The company had a trading volume of 76,599,884 shares, compared to its average volume of 91,698,552. The firm has a market cap of $22.39 billion, a PE ratio of 10.24 and a beta of 1.27. The company has a debt-to-equity ratio of 3.85, a current ratio of 1.32 and a quick ratio of 1.20. Ford Motor has a one year low of $3.96 and a one year high of $10.56. The firm has a 50-day moving average of $4.98 and a 200 day moving average of $7.39.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.13). The firm had revenue of $34.32 billion for the quarter, compared to the consensus estimate of $31.73 billion. Ford Motor had a positive return on equity of 6.54% and a negative net margin of 2.06%. The company’s revenue was down 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) EPS. As a group, research analysts expect that Ford Motor will post -1.44 earnings per share for the current year.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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