STATE STREET CORP Total Shares: 371,213,115 Owns Stake in Ford Motor Co. (F)
STATE STREET CORP
disclosed that they own 9.5% of Ford Motor Co. (NYSE:F) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, October 12th. The investor owns 371,213,115 shares of the stock valued at $4,439,708,855. The reporting parties listed on the disclosure included Irs Identification No Of The Above Person: 042456637 and State Street Bank And Trust Company Acting In Various Capacities. The filing is available through EDGAR at this link.
Several other institutional investors have also bought and sold shares of F. VNBTrust National Association increased its stake in shares of Ford Motor by 0.4% in the second quarter. VNBTrust National Association now owns 13,175 shares of the auto manufacturer’s stock valued at $166,000 after buying an additional 50 shares during the period. Boston Common Asset Management LLC increased its stake in shares of Ford Motor by 0.3% in the second quarter. Boston Common Asset Management LLC now owns 24,972 shares of the auto manufacturer’s stock valued at $314,000 after buying an additional 65 shares during the period. RiverPoint Capital Management LLC increased its stake in shares of Ford Motor by 0.4% in the second quarter. RiverPoint Capital Management LLC now owns 18,989 shares of the auto manufacturer’s stock valued at $239,000 after buying an additional 67 shares during the period. Valley National Advisers Inc. increased its stake in shares of Ford Motor by 0.8% in the second quarter. Valley National Advisers Inc. now owns 11,363 shares of the auto manufacturer’s stock valued at $143,000 after buying an additional 86 shares during the period. Finally, Hanson McClain Inc. increased its stake in shares of Ford Motor by 0.4% in the second quarter. Hanson McClain Inc. now owns 22,260 shares of the auto manufacturer’s stock valued at $280,000 after buying an additional 90 shares during the period. Institutional investors own 56.05% of the company’s stock.
Shares of Ford Motor Co. (NYSE:F) traded down 0.25% during trading on Wednesday, reaching $11.96. 20,614,402 shares of the company were exchanged. The stock has a 50-day moving average price of $12.29 and a 200-day moving average price of $12.88. Ford Motor Co. has a one year low of $11.02 and a one year high of $15.84. The stock has a market capitalization of $47.52 billion, a PE ratio of 5.64 and a beta of 1.27.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The business earned $39.50 million during the quarter, compared to the consensus estimate of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. Analysts forecast that Ford Motor Co. will post $1.82 EPS for the current year.
Several brokerages recently issued reports on F. Jefferies Group reiterated a “sell” rating on shares of Ford Motor in a research note on Sunday, September 4th. Tigress Financial reiterated a “buy” rating on shares of Ford Motor in a research note on Tuesday, June 21st. Vetr cut shares of Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 price target on the stock. in a report on Thursday, July 21st. Barclays PLC reissued an “equal weight” rating and issued a $12.00 price target (down from $13.00) on shares of Ford Motor in a report on Tuesday, August 2nd. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $14.00 price target on shares of Ford Motor in a report on Wednesday, August 17th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Ford Motor has a consensus rating of “Hold” and a consensus target price of $14.06.
In other Ford Motor news, insider Sankar S. Nair sold 82,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total transaction of $993,020.00. Following the completion of the sale, the insider now directly owns 32,969 shares in the company, valued at approximately $399,254.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John C. Lechleiter acquired 5,000 shares of Ford Motor stock in a transaction on Monday, August 8th. The shares were purchased at an average price of $12.26 per share, with a total value of $61,300.00. Following the completion of the purchase, the director now owns 25,000 shares in the company, valued at approximately $306,500. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.
Ford Motor Company Profile
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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