Gargoyle Investment Advisor L.L.C. Has $2,951,000 Stake in Ford Motor Co. (F)
Gargoyle Investment Advisor L.L.C. held its position in shares of Ford Motor Co. (NYSE:F) during the second quarter, according to its most recent filing with the SEC. The firm owned 234,735 shares of the auto manufacturer’s stock at the end of the second quarter. Ford Motor makes up about 1.1% of Gargoyle Investment Advisor L.L.C.’s portfolio, making the stock its 12th largest position. Gargoyle Investment Advisor L.L.C.’s holdings in Ford Motor were worth $2,951,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of F. Dixon Hubard Feinour & Brown Inc. VA boosted its stake in Ford Motor by 6.3% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 16,868 shares of the auto manufacturer’s stock worth $229,000 after buying an additional 1,000 shares during the last quarter. Willingdon Wealth Management purchased a new stake in Ford Motor during the first quarter worth approximately $275,000. Rehmann Capital Advisory Group boosted its stake in Ford Motor by 30.9% in the first quarter. Rehmann Capital Advisory Group now owns 157,154 shares of the auto manufacturer’s stock worth $2,122,000 after buying an additional 37,089 shares during the last quarter. Prudential Financial Inc. boosted its stake in Ford Motor by 32.9% in the first quarter. Prudential Financial Inc. now owns 11,048,007 shares of the auto manufacturer’s stock worth $149,149,000 after buying an additional 2,735,110 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in Ford Motor by 18.6% in the first quarter. Stratos Wealth Partners LTD. now owns 111,693 shares of the auto manufacturer’s stock worth $1,508,000 after buying an additional 17,489 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 0.83% during trading on Tuesday, reaching $12.20. 23,948,703 shares of the company’s stock were exchanged. Ford Motor Co. has a 12-month low of $11.02 and a 12-month high of $15.84. The stock has a 50-day moving average price of $12.31 and a 200 day moving average price of $12.92. The company has a market capitalization of $48.47 billion, a P/E ratio of 5.75 and a beta of 1.27.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The company earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. During the same period last year, the business earned $0.47 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities analysts expect that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
A number of equities research analysts have commented on F shares. JPMorgan Chase & Co. decreased their target price on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, July 29th. Deutsche Bank AG reiterated a “hold” rating and set a $13.00 price objective on shares of Ford Motor in a research report on Friday, September 16th. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price objective on the stock in a research report on Monday, June 27th. Barclays PLC reiterated an “equal weight” rating and set a $12.00 price objective on shares of Ford Motor in a research report on Monday, September 12th. Finally, Goldman Sachs Group Inc. set a $15.00 price objective on shares of Ford Motor and gave the company a “buy” rating in a research report on Thursday, July 7th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.07.
In related news, Director John C. Lechleiter bought 5,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of $12.26 per share, with a total value of $61,300.00. Following the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at $306,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is 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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