MML Investors Services LLC grew its holdings in Ford Motor Company (NYSE:F) by 6.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 315,820 shares of the auto manufacturer’s stock after acquiring an additional 18,998 shares during the quarter. MML Investors Services LLC’s holdings in Ford Motor were worth $3,534,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Balentine LLC boosted its holdings in 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 boosted its holdings in 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 stake in Ford Motor in the second quarter worth about $106,000. Reilly Financial Advisors LLC boosted its holdings in 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 boosted its holdings in 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. 54.35% of the stock is owned by institutional investors and hedge funds.
In related news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares of the company’s stock, valued at $110. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total value of $453,600.00. Following the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at $6,037,812.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is currently owned by insiders.
Shares of Ford Motor Company (NYSE:F) opened at 12.31 on Friday. The stock has a 50 day moving average price of $11.49 and a 200-day moving average price of $11.29. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27. The stock has a market capitalization of $48.89 billion, a PE ratio of 12.96 and a beta of 1.12.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities research analysts anticipate that Ford Motor Company will post $1.75 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. Wolfe Research assumed coverage on Ford Motor in a report on Tuesday, June 13th. They set a “market perform” rating for the company. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 target price for the company. in a report on Monday, September 4th. Berenberg Bank set a $10.00 target price on Ford Motor and gave the stock a “sell” rating in a report on Monday, August 14th. BidaskClub raised Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 target price on shares of Ford Motor in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.46.
About Ford Motor
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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