BlackRock Inc. Boosts Position in Ford Motor Company (F)
BlackRock Inc. boosted its stake in Ford Motor Company (NYSE:F) by 2.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 234,567,920 shares of the auto manufacturer’s stock after purchasing an additional 5,562,630 shares during the period. BlackRock Inc. owned about 5.91% of Ford Motor worth $2,624,814,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Balentine LLC grew its stake in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after acquiring an additional 231 shares in the last quarter. Archford Capital Strategies LLC grew its stake in shares of Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after acquiring an additional 676 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Ford Motor in the second quarter worth $106,000. Reilly Financial Advisors LLC grew its stake in shares of Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after acquiring an additional 150 shares in the last quarter. Finally, FNY Managed Accounts LLC grew its stake in shares of Ford Motor by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 54.35% of the company’s stock.
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In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the transaction, the insider now directly owns 76,358 shares of the company’s stock, valued at $878,117. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,624 shares of company stock valued at $2,212,964. 1.08% of the stock is owned by company insiders.
Several equities analysts have commented on F shares. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price target for the company in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Ford Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. ValuEngine downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Wolfe Research started coverage on shares of Ford Motor in a research note on Tuesday, June 13th. They issued a “market perform” rating for the company. Finally, BidaskClub upgraded shares of Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $12.50.
Shares of Ford Motor Company (NYSE:F) opened at 12.30 on Thursday. Ford Motor Company has a 12 month low of $10.47 and a 12 month high of $13.27. The company has a 50-day moving average of $11.40 and a 200-day moving average of $11.28. The stock has a market capitalization of $48.85 billion, a PE ratio of 12.95 and a beta of 1.12.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. On average, equities research analysts expect that Ford Motor Company will post $1.76 EPS for the current fiscal year.
Ford Motor 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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