Cornerstone Investment Partners LLC Acquires 8,875 Shares of Ford Motor (F)
Cornerstone Investment Partners LLC boosted its holdings in shares of Ford Motor (NYSE:F) by 4.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 192,985 shares of the auto manufacturer’s stock after purchasing an additional 8,875 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Ford Motor were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of F. Franklin Resources Inc. raised its position in Ford Motor by 194.8% during the 3rd quarter. Franklin Resources Inc. now owns 62,573,799 shares of the auto manufacturer’s stock worth $578,807,000 after buying an additional 41,346,111 shares during the last quarter. Morgan Stanley increased its holdings in shares of Ford Motor by 35.0% during the 2nd quarter. Morgan Stanley now owns 37,425,458 shares of the auto manufacturer’s stock valued at $414,298,000 after purchasing an additional 9,710,528 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Ford Motor by 238.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 4,997,027 shares of the auto manufacturer’s stock valued at $46,222,000 after purchasing an additional 3,521,838 shares in the last quarter. Putnam Investments LLC increased its holdings in shares of Ford Motor by 444.1% during the 2nd quarter. Putnam Investments LLC now owns 3,473,537 shares of the auto manufacturer’s stock valued at $38,452,000 after purchasing an additional 2,835,131 shares in the last quarter. Finally, Federated Investors Inc. PA increased its holdings in shares of Ford Motor by 230.9% during the 3rd quarter. Federated Investors Inc. PA now owns 3,712,168 shares of the auto manufacturer’s stock valued at $34,337,000 after purchasing an additional 2,590,192 shares in the last quarter. 54.05% of the stock is owned by institutional investors.
In other Ford Motor news, Director Ray T. Charley bought 4,000 shares of the stock in a transaction on Monday, October 29th. The shares were bought at an average price of $12.90 per share, with a total value of $51,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.95% of the company’s stock.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. The company had revenue of $34.66 billion for the quarter, compared to analysts’ expectations of $32.05 billion. During the same quarter in the previous year, the company posted $0.43 EPS. As a group, research analysts anticipate that Ford Motor will post 1.35 earnings per share for the current year.
F has been the subject of several recent research reports. BMO Capital Markets reaffirmed a “hold” rating and set a $8.50 target price on shares of Ford Motor in a report on Monday. Zacks Investment Research cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Thursday. Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.00 to $12.00 in a research note on Monday, October 29th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $14.00 to $10.00 in a research note on Friday, October 19th. Finally, Barclays dropped their price target on shares of Ford Motor from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 26th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.59.
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About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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