BLB&B Advisors LLC Sells 5,893 Shares of Ford Motor (NYSE:F)


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BLB&B Advisors LLC trimmed its holdings in shares of Ford Motor (NYSE:F) by 15.5% in the first quarter, Holdings Channel.com reports. The fund owned 32,234 shares of the auto manufacturer’s stock after selling 5,893 shares during the quarter. BLB&B Advisors LLC’s holdings in Ford Motor were worth $395,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in F. Norges Bank acquired a new stake in shares of Ford Motor during the 4th quarter worth about $346,847,000. Renaissance Technologies LLC increased its position in shares of Ford Motor by 611.7% during the 4th quarter. Renaissance Technologies LLC now owns 9,773,609 shares of the auto manufacturer’s stock worth $85,910,000 after purchasing an additional 8,400,300 shares in the last quarter. First Trust Advisors LP increased its position in shares of Ford Motor by 261.2% during the 4th quarter. First Trust Advisors LP now owns 10,002,007 shares of the auto manufacturer’s stock worth $87,918,000 after purchasing an additional 7,233,265 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Ford Motor during the 4th quarter worth about $59,070,000. Finally, Schroder Investment Management Group increased its position in shares of Ford Motor by 195.9% during the 4th quarter. Schroder Investment Management Group now owns 8,468,013 shares of the auto manufacturer’s stock worth $74,434,000 after purchasing an additional 5,606,693 shares in the last quarter. 48.81% of the stock is owned by institutional investors.

Shares of Ford Motor stock opened at $11.73 on Thursday. The firm has a 50-day moving average of $12.47 and a 200-day moving average of $10.13. The stock has a market cap of $46.67 billion, a PE ratio of -293.25, a PEG ratio of 1.38 and a beta of 1.27. Ford Motor has a 52-week low of $4.52 and a 52-week high of $13.62. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.09 and a current ratio of 1.20.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 3rd. The auto manufacturer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.41. The business had revenue of $33.20 billion during the quarter, compared to the consensus estimate of $32.89 billion. Ford Motor had a negative net margin of 0.12% and a positive return on equity of 2.48%. Equities research analysts predict that Ford Motor will post -0.03 earnings per share for the current fiscal year.

In related news, insider Hau N. Thai-Tang sold 90,000 shares of the stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $12.87, for a total value of $1,158,300.00. Following the transaction, the insider now directly owns 727,651 shares in the company, valued at approximately $9,364,868.37. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is owned by company insiders.

F has been the subject of several research reports. Jefferies Financial Group raised their price objective on shares of Ford Motor from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Argus raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, February 9th. Wells Fargo & Company assumed coverage on shares of Ford Motor in a report on Monday, April 5th. They set an “overweight” rating and a $15.00 target price on the stock. JPMorgan Chase & Co. set a $14.00 target price on shares of Ford Motor and gave the stock an “overweight” rating in a report on Friday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, February 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.07.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury 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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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