Allworth Financial LP Purchases 1,317 Shares of Ford Motor (NYSE:F)
Allworth Financial LP increased its position in Ford Motor (NYSE:F) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,837 shares of the auto manufacturer’s stock after acquiring an additional 1,317 shares during the period. Allworth Financial LP’s holdings in Ford Motor were worth $310,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. City Holding Co. lifted its position in shares of Ford Motor by 10.3% in the second quarter. City Holding Co. now owns 10,726 shares of the auto manufacturer’s stock valued at $110,000 after acquiring an additional 1,000 shares in the last quarter. Searle & CO. lifted its position in shares of Ford Motor by 1.9% in the second quarter. Searle & CO. now owns 53,100 shares of the auto manufacturer’s stock valued at $543,000 after acquiring an additional 1,000 shares in the last quarter. Financial Advisory Service Inc. lifted its position in shares of Ford Motor by 5.2% in the second quarter. Financial Advisory Service Inc. now owns 21,616 shares of the auto manufacturer’s stock valued at $221,000 after acquiring an additional 1,062 shares in the last quarter. Destination Wealth Management lifted its position in shares of Ford Motor by 27.2% in the second quarter. Destination Wealth Management now owns 5,057 shares of the auto manufacturer’s stock valued at $52,000 after acquiring an additional 1,081 shares in the last quarter. Finally, Anderson Fisher LLC lifted its position in shares of Ford Motor by 5.3% in the first quarter. Anderson Fisher LLC now owns 21,956 shares of the auto manufacturer’s stock valued at $193,000 after acquiring an additional 1,110 shares in the last quarter. 53.78% of the stock is owned by institutional investors.
In other Ford Motor news, CEO James P. Hackett sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.54, for a total transaction of $170,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James D. Farley, Jr. sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $9.19, for a total value of $413,550.00. Following the sale, the insider now owns 496,753 shares in the company, valued at $4,565,160.07. The disclosure for this sale can be found here. Insiders sold 145,000 shares of company stock worth $1,355,250 over the last quarter. 0.83% of the stock is owned by company insiders.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $35.91 billion for the quarter, compared to the consensus estimate of $35.21 billion. Ford Motor had a return on equity of 14.92% and a net margin of 1.37%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. Analysts predict that Ford Motor will post 1.27 earnings per share for the current fiscal year.
F has been the topic of several research analyst reports. Credit Suisse Group downgraded Ford Motor to an “outperform” rating and set a $12.00 price objective on the stock. in a research report on Wednesday, September 11th. Royal Bank of Canada restated a “neutral” rating and issued a $10.50 price objective on shares of Ford Motor in a research report on Thursday, July 25th. Goldman Sachs Group set a $13.00 price objective on Ford Motor and gave the company a “buy” rating in a research report on Thursday, June 13th. TheStreet downgraded Ford Motor from a “b-” rating to a “c” rating in a research report on Friday, July 26th. Finally, Morgan Stanley set a $12.00 price objective on Ford Motor and gave the company a “buy” rating in a research report on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.30.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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