Whittier Trust Co. Has $691,000 Stake in Ford Motor Co. (F)
Whittier Trust Co. lowered its position in shares of Ford Motor Co. (NYSE:F) by 25.1% during the second quarter, Holdings Channel reports. The firm owned 54,993 shares of the auto manufacturer’s stock after selling 18,413 shares during the period. Whittier Trust Co.’s holdings in Ford Motor were worth $691,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Smith Moore & CO. raised its position in shares of Ford Motor by 22.4% in the first quarter. Smith Moore & CO. now owns 18,068 shares of the auto manufacturer’s stock worth $244,000 after buying an additional 3,309 shares in the last quarter. Associated Banc Corp raised its position in shares of Ford Motor by 1.7% in the first quarter. Associated Banc Corp now owns 169,497 shares of the auto manufacturer’s stock worth $2,288,000 after buying an additional 2,785 shares in the last quarter. Aviva PLC raised its position in shares of Ford Motor by 0.8% in the first quarter. Aviva PLC now owns 4,361,838 shares of the auto manufacturer’s stock worth $58,885,000 after buying an additional 36,066 shares in the last quarter. Spark Investment Management LLC raised its position in shares of Ford Motor by 2,002.9% in the first quarter. Spark Investment Management LLC now owns 321,488 shares of the auto manufacturer’s stock worth $4,340,000 after buying an additional 306,200 shares in the last quarter. Finally, LVW Advisors LLC raised its position in shares of Ford Motor by 21.2% in the first quarter. LVW Advisors LLC now owns 26,277 shares of the auto manufacturer’s stock worth $355,000 after buying an additional 4,588 shares in the last quarter. Institutional investors own 56.05% of the company’s stock.
Shares of Ford Motor Co. (NYSE:F) traded down 0.25% during midday trading on Wednesday, hitting $11.96. 15,165,714 shares of the company were exchanged. The firm has a market capitalization of $47.52 billion, a price-to-earnings ratio of 5.64 and a beta of 1.27. The firm’s 50 day moving average price is $12.29 and its 200 day moving average price is $12.88. Ford Motor Co. has a one year low of $11.02 and a one year high of $15.84.
Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. The company had revenue of $39.50 million for the quarter, compared to analyst estimates of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. Ford Motor’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 earnings per share. Analysts forecast that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
Several research firms recently issued reports on F. Vetr lowered shares of Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 price target for the company. in a research report on Thursday, July 21st. Barclays PLC reissued an “equal weight” rating and issued a $13.00 price target (down previously from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Zacks Investment Research lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Rodman & Renshaw began coverage on shares of Ford Motor in a research report on Monday, July 18th. They issued a “buy” rating for the company. Finally, Tigress Financial reissued a “buy” rating on shares of Ford Motor in a research report on Tuesday, June 21st. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $14.06.
In other Ford Motor news, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total transaction of $993,020.00. Following the sale, the insider now directly owns 32,969 shares of the company’s stock, valued at approximately $399,254.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Lechleiter bought 5,000 shares of Ford Motor stock in a transaction on Monday, August 8th. The shares were acquired at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at $306,500. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.
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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