North Star Asset Management Inc. maintained its position in Ford Motor Co. (NYSE:F) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,545 shares of the auto manufacturer’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Ford Motor were worth $439,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in F. Acrospire Investment Management LLC bought a new position in shares of Ford Motor during the first quarter valued at $104,000. Lazard Asset Management LLC increased its position in shares of Ford Motor by 34.9% in the first quarter. Lazard Asset Management LLC now owns 9,170 shares of the auto manufacturer’s stock valued at $123,000 after buying an additional 2,370 shares during the period. Financial Architects Inc increased its position in shares of Ford Motor by 232.5% in the second quarter. Financial Architects Inc now owns 9,863 shares of the auto manufacturer’s stock valued at $124,000 after buying an additional 6,897 shares during the period. Community Bank N.A. increased its position in shares of Ford Motor by 3.0% in the second quarter. Community Bank N.A. now owns 10,215 shares of the auto manufacturer’s stock valued at $128,000 after buying an additional 300 shares during the period. Finally, Leavell Investment Management Inc. increased its position in shares of Ford Motor by 3.6% in the second quarter. Leavell Investment Management Inc. now owns 10,543 shares of the auto manufacturer’s stock valued at $133,000 after buying an additional 368 shares during the period. 56.05% of the stock is currently owned by institutional investors.
Shares of Ford Motor Co. (NYSE:F) traded down 0.209% during mid-day trading on Wednesday, reaching $11.965. The company’s stock had a trading volume of 14,075,402 shares. The stock has a market capitalization of $47.54 billion, a P/E ratio of 5.644 and a beta of 1.27. The company 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 12 month low of $11.02 and a 12 month high of $15.84.
Ford Motor (NYSE:F) last announced its quarterly earnings data 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. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The firm had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $36.29 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. Ford Motor’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Ford Motor Co. will post $1.82 earnings per share for the current fiscal year.
A number of analysts have commented on the company. Tigress Financial reiterated a “buy” rating on shares of Ford Motor in a research report on Tuesday, June 21st. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, June 21st. Goldman Sachs Group Inc. set a $15.00 price target on Ford Motor and gave the stock a “buy” rating in a report on Thursday, July 7th. Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.45 price target for the company. in a report on Monday, July 4th. Finally, Rodman & Renshaw began coverage on Ford Motor in a report on Monday, July 18th. They issued a “buy” rating for the company. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The company 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 firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the transaction, the insider now directly owns 32,969 shares in the company, valued at $399,254.59. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Lechleiter bought 5,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were bought at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $306,500. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.
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.