Ford Motor Co. (F) Shares Sold by Savant Capital LLC
Savant Capital LLC cut its position in shares of Ford Motor Co. (NYSE:F) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,139 shares of the auto manufacturer’s stock after selling 950 shares during the period. Savant Capital LLC’s holdings in Ford Motor were worth $429,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Ford Motor by 0.9% in the first quarter. State Street Corp now owns 153,679,968 shares of the auto manufacturer’s stock valued at $2,074,690,000 after buying an additional 1,431,699 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Ford Motor by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 104,765,891 shares of the auto manufacturer’s stock valued at $1,414,340,000 after buying an additional 1,615,938 shares during the last quarter. Franklin Resources Inc. increased its position in Ford Motor by 5.2% in the first quarter. Franklin Resources Inc. now owns 75,325,238 shares of the auto manufacturer’s stock valued at $1,016,891,000 after buying an additional 3,749,925 shares during the last quarter. BlackRock Fund Advisors increased its position in Ford Motor by 0.4% in the first quarter. BlackRock Fund Advisors now owns 44,366,975 shares of the auto manufacturer’s stock valued at $598,954,000 after buying an additional 188,690 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Ford Motor by 3.4% in the first quarter. Geode Capital Management LLC now owns 33,746,016 shares of the auto manufacturer’s stock valued at $454,713,000 after buying an additional 1,114,524 shares during the last quarter. Institutional investors own 56.06% of the company’s stock.
Ford Motor Co. (NYSE:F) traded up 2.30% on Wednesday, hitting $12.48. 55,528,059 shares of the stock were exchanged. Ford Motor Co. has a 1-year low of $11.02 and a 1-year high of $15.84. The company has a 50-day moving average price of $12.31 and a 200 day moving average price of $12.92. The company has a market capitalization of $49.59 billion, a PE ratio of 5.89 and a beta of 1.27.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Zacks’ 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 company earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. During the same quarter last year, the company posted $0.47 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts anticipate that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
Several research firms have commented on F. Jefferies Group reissued a “sell” rating and set a $10.00 target price on shares of Ford Motor in a research report on Wednesday, August 17th. Rodman & Renshaw began coverage on shares of Ford Motor in a research report on Monday, July 18th. They set a “buy” rating on the stock. Piper Jaffray Cos. began coverage on shares of Ford Motor in a research report on Thursday, June 9th. They set an “overweight” rating and a $17.00 target price on the stock. Vetr downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and set a $13.46 target price on the stock. in a research report on Monday, July 11th. Finally, Daiwa Capital Markets downgraded shares of Ford Motor from a “neutral” rating to an “underperform” rating in a research report on Monday, August 1st. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Ford Motor has an average rating of “Hold” and an average target price of $14.07.
In related news, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction that occurred on 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 purchase, the director now owns 25,000 shares in the company, valued at $306,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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