Ford Motor Company (F) reported second-quarter adjusted EPS of $0.56, up $0.04 year over year. Alliancebernstein L.P. owned 0.20% of Ford Motor worth $92,448,000 as of its most recent filing with the SEC. Finally, North Star Investment Management Corp. increased its position in General Motors by 0.8% in the first quarter. Rockland Trust Co. boosted its position in shares of Ford Motor by 0.4% in the first quarter. Puplava Financial Services Inc. purchased a new position in shares of Ford Motor during the first quarter valued at $116,000. Insiders own 0.04% of the company's stock. Archford Capital Strategies LLC increased its position in shares of Ford Motor by 7.8% in the first quarter. Institutional investors and hedge funds own 55.50% of the company's stock. Finally, Rehmann Capital Advisory Group increased its stake in General Motors by 1.8% in the second quarter. Alpha Windward LLC now owns 14,079 shares of the auto manufacturer's stock worth $164,000 after buying an additional 213 shares during the last quarter.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 26th. The stock's market capitalization is 53.68B.
Shares are trading at $35.57 which is a tad above $35.00, the stock's 50 day moving average and barely above the 200 day moving average of $35.28. Ford Motor also was the recipient of some unusual options trading on Monday. Traders acquired 17,842 put options on the company. The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.19. Revenue is expected in between 42.17 Billion and 33.53 Billion with an average of 36.9 Billion. Ford Motor had a net margin of 2.48% and a return on equity of 19.36%. During the same period in the previous year, the firm earned $0.52 EPS.
That result worked out to US$1.89 per share, easily beating the US$1.70 per share that was the average earnings estimate of analysts polled by Bloomberg.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Exxonmobil Mngmt Inc Tx invested in 0.25% or 903,382 shares. The ex-dividend date of this dividend is Thursday, July 20th. "Has $2.44 Million Stake in Ford Motor Company (F)" was published by BNB Daily and is the property of of BNB Daily. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of USA and global copyright and trademark law. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/26/alliancebernstein-l-p-buys-84391-shares-of-ford-motor-company-f-updated.html.
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A number of other large investors have also recently modified their holdings of the company.
According to CNN Money, the 27 analysts, offering 12-month forecasts regarding General Motors' stock price, have a median target of $39.70, with a high estimate of $52.00 and a low estimate of $31.00. Royal Bank Of Canada reaffirmed a "hold" rating and set a $37.00 target price on shares of General Motors in a research note on Friday, July 14th. They issued a "neutral" rating and a $13.00 price objective for the company. Zacks Investment Research cut Ford Motor from a "hold" rating to a "strong sell" rating in a report on Wednesday, March 29th.
03/29/2017 - General Motors Company had its "strong buy" rating reiterated by analysts at Tigress Financial. BidaskClub raised Ford Motor from a "sell" rating to a "hold" rating in a report on Wednesday, July 5th. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, June 12th. Biondo Investment Advisors Llc sold 330,543 shares as the company's stock declined 13.59% while stock markets rallied. Following the completion of the sale, the insider now directly owns 428,411 shares of the company's stock, valued at approximately $4,781,066.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The Company's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial).
Among 23 analysts covering F&M Bank (NYSE:F), 10 have Buy rating, 2 Sell and 11 Hold.