IBM Retirement Fund cut its stake in shares of Ford Motor Company (NYSE:F) by 84.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,925 shares of the auto manufacturer’s stock after selling 309,666 shares during the period. IBM Retirement Fund’s holdings in Ford Motor Company were worth $807,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Ford Motor Company during the fourth quarter valued at about $277,396,000. Diamond Hill Capital Management Inc. boosted its stake in Ford Motor Company by 5.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 14,398,915 shares of the auto manufacturer’s stock valued at $167,603,000 after buying an additional 727,875 shares in the last quarter. Swiss National Bank boosted its stake in Ford Motor Company by 27.2% in the first quarter. Swiss National Bank now owns 13,137,535 shares of the auto manufacturer’s stock valued at $152,921,000 after buying an additional 2,811,700 shares in the last quarter. Prudential Financial Inc. boosted its stake in Ford Motor Company by 8.5% in the first quarter. Prudential Financial Inc. now owns 12,164,655 shares of the auto manufacturer’s stock valued at $141,597,000 after buying an additional 950,700 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Ford Motor Company by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,381,138 shares of the auto manufacturer’s stock valued at $120,836,000 after buying an additional 53,976 shares in the last quarter. Institutional investors and hedge funds own 55.59% of the company’s stock.
Ford Motor Company (NYSE:F) opened at 11.26 on Monday. The company has a 50-day moving average of $11.09 and a 200-day moving average of $11.87. Ford Motor Company has a 12 month low of $10.67 and a 12 month high of $14.04. The company has a market cap of $44.84 billion, a price-to-earnings ratio of 11.99 and a beta of 1.11.
Ford Motor Company (NYSE:F) last posted its earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The company had revenue of $36.48 billion during the quarter, compared to analyst estimates of $34.62 billion. Ford Motor Company had a return on equity of 19.36% and a net margin of 2.48%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. Analysts predict that Ford Motor Company will post $1.53 EPS for the current year.
Several research firms recently issued reports on F. ValuEngine cut shares of Ford Motor Company from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Bank of America Corporation reaffirmed a “buy” rating and issued a $12.50 price target (down from $14.00) on shares of Ford Motor Company in a report on Friday, June 16th. Zacks Investment Research cut shares of Ford Motor Company from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 29th. Vetr raised shares of Ford Motor Company from a “buy” rating to a “strong-buy” rating and set a $12.60 price target on the stock in a report on Thursday. Finally, Wolfe Research began coverage on shares of Ford Motor Company in a report on Tuesday, June 13th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $13.40.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the transaction, the insider now directly owns 428,411 shares in the company, valued at approximately $4,781,066.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.08% of the stock is currently owned by insiders.
Ford Motor Company Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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