Profund Advisors LLC Buys 20,177 Shares of Ford Motor Company (F)
Profund Advisors LLC lifted its stake in Ford Motor Company (NYSE:F) by 22.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,993 shares of the auto manufacturer’s stock after buying an additional 20,177 shares during the period. Profund Advisors LLC’s holdings in Ford Motor were worth $1,231,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Ford Motor by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock worth $3,048,866,000 after buying an additional 6,013,577 shares in the last quarter. BlackRock Inc. increased its holdings in Ford Motor by 2.4% during the 2nd quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock valued at $2,624,814,000 after purchasing an additional 5,562,630 shares in the last quarter. State Street Corp increased its holdings in Ford Motor by 2.5% during the 1st quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after purchasing an additional 3,999,705 shares in the last quarter. Franklin Resources Inc. increased its holdings in Ford Motor by 5.7% during the 2nd quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock valued at $981,407,000 after purchasing an additional 4,706,379 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Ford Motor by 0.5% during the 1st quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock valued at $881,979,000 after purchasing an additional 391,692 shares in the last quarter. 54.35% of the stock is owned by institutional investors and hedge funds.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now owns 10 shares of the company’s stock, valued at $110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the sale, the insider now directly owns 76,358 shares in the company, valued at approximately $878,117. The disclosure for this sale can be found here. Insiders sold 217,700 shares of company stock valued at $2,486,044 over the last 90 days. 1.08% of the stock is currently owned by company insiders.
Ford Motor Company (NYSE F) opened at 12.25 on Friday. The stock has a 50 day moving average price of $11.44 and a 200 day moving average price of $11.29. The company has a market capitalization of $48.65 billion, a price-to-earnings ratio of 12.89 and a beta of 1.12. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27. Ford Motor also was the target of some unusual options trading on Wednesday. Traders acquired 49,559 call options on the company. This represents an increase of 160% compared to the typical volume of 19,065 call options.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. Analysts anticipate that Ford Motor Company will post $1.75 EPS for the current fiscal year.
A number of research firms recently weighed in on F. Vetr cut Ford Motor from a “buy” rating to a “hold” rating and set a $12.60 price target for the company. in a report on Friday. Standpoint Research raised Ford Motor from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a report on Monday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $13.00 price target on shares of Ford Motor in a report on Monday, September 18th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $12.00 price target on shares of Ford Motor in a report on Sunday, September 10th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $12.46.
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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