Ford Motor Company (F) Shares Sold by Ontario Teachers Pension Plan Board
Ontario Teachers Pension Plan Board cut its position in Ford Motor Company (NYSE:F) by 10.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,874 shares of the auto manufacturer’s stock after selling 61,919 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Ford Motor were worth $5,694,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Balentine LLC boosted its holdings in Ford Motor by 2.6% in the 1st quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after purchasing an additional 231 shares during the period. Archford Capital Strategies LLC boosted its holdings 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 purchasing an additional 676 shares during the period. Captrust Financial Advisors bought a new stake in Ford Motor in the 2nd quarter valued at $106,000. Reilly Financial Advisors LLC boosted its holdings 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 purchasing an additional 150 shares during the period. Finally, FNY Managed Accounts LLC boosted its holdings 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 purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 54.35% of the company’s stock.
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In related news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the sale, the vice president now owns 10 shares of the company’s stock, valued at $110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was 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 of the company’s stock, valued at approximately $878,117. The disclosure for this sale can be found here. Insiders have sold 217,700 shares of company stock valued at $2,486,044 in the last ninety days. 1.08% of the stock is currently owned by company insiders.
A number of analysts have weighed in on the stock. BidaskClub downgraded shares of Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $13.00 price target on shares of Ford Motor in a report on Monday, September 18th. Piper Jaffray Companies reissued a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a report on Friday, July 28th. Finally, Vetr downgraded shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price target for the company. in a report on Monday, September 4th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.46.
Ford Motor Company (F) opened at 12.39 on Wednesday. The company has a market capitalization of $49.21 billion, a P/E ratio of 13.04 and a beta of 1.12. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The company’s 50-day moving average is $11.59 and its 200 day moving average is $11.29.
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, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. Ford Motor’s revenue was down .5% compared to the same quarter last year. Analysts predict that Ford Motor Company will post $1.75 EPS for the current year.
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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