110,900 Shares in Ford Motor Company (F) Acquired by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. bought a new position in shares of Ford Motor Company (NYSE:F) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 110,900 shares of the auto manufacturer’s stock, valued at approximately $1,241,000.
A number of other large investors have also bought and sold shares of F. Balentine LLC boosted its position in shares of Ford Motor by 2.6% during the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 231 shares during the period. Archford Capital Strategies LLC lifted its stake in Ford Motor by 7.8% in the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after acquiring an additional 676 shares in the last quarter. Reilly Financial Advisors LLC lifted its stake in Ford Motor by 1.5% in the 2nd quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after acquiring an additional 150 shares in the last quarter. FNY Managed Accounts LLC lifted its stake in Ford Motor by 0.3% in the 1st quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after acquiring an additional 34 shares in the last quarter. Finally, Kelman Lazarov Inc. bought a new stake in Ford Motor in the 2nd quarter valued at approximately $116,000. 54.35% of the stock is owned by hedge funds and other institutional investors.
Shares of Ford Motor Company (NYSE F) opened at 12.09 on Tuesday. The stock’s 50 day moving average is $11.32 and its 200-day moving average is $11.27. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The company has a market cap of $48.02 billion, a P/E ratio of 12.73 and a beta of 1.12.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.13. The firm 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 business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. Equities research analysts forecast that Ford Motor Company will post $1.76 earnings per share for the current year.
In related news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 76,358 shares in the company, valued at $878,117. The disclosure for this sale can be found here. Insiders sold a total of 195,624 shares of company stock worth $2,212,964 over the last 90 days. Corporate insiders own 1.08% of the company’s stock.
Several brokerages have recently weighed in on F. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.76 price target for the company in a research note on Monday, June 5th. Morgan Stanley increased their target price on shares of Ford Motor from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Friday, June 9th. Wolfe Research assumed coverage on shares of Ford Motor in a report on Tuesday, June 13th. They set a “market perform” rating for the company. Berenberg Bank set a $10.00 target price on shares of Ford Motor and gave the company a “sell” rating in a research report on Monday, June 12th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $12.50 target price (down previously from $14.00) on shares of Ford Motor in a research report on Friday, June 16th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.45.
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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