Argyle Capital Management buys $1,612,360 stake in Ford Motor Company (F)

Ford Motor Company (F) : Argyle Capital Management scooped up 46,426 additional shares in Ford Motor Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 116,500 shares of Ford Motor Company which is valued at $1,612,360.Ford Motor Company makes up approximately 0.67% of Argyle Capital Management’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in F in the latest quarter, The investment management firm added 5,573 additional shares and now holds a total of 1,989,271 shares of Ford Motor Company which is valued at $27,531,511. Ford Motor Company makes up approx 0.16% of Retirement Systems Of Alabama’s portfolio.P.r. Herzig boosted its stake in F in the latest quarter, The investment management firm added 19,400 additional shares and now holds a total of 103,000 shares of Ford Motor Company which is valued at $1,425,520. Ford Motor Company makes up approx 2.85% of P.r. Herzig’s portfolio.Bremer Trust National Association reduced its stake in F by selling 2,387 shares or 4.36% in the most recent quarter. The Hedge Fund company now holds 52,400 shares of F which is valued at $725,216. Ford Motor Company makes up approx 0.19% of Bremer Trust National Association’s portfolio.Edge Wealth Management reduced its stake in F by selling 4,470 shares or 59.44% in the most recent quarter. The Hedge Fund company now holds 3,050 shares of F which is valued at $39,925. Ford Motor Company makes up approx 0.02% of Edge Wealth Management’s portfolio.

Ford Motor Company closed down -0.05 points or -0.39% at $12.66 with 5,97,54,088 shares getting traded on Friday. Post opening the session at $12.61, the shares hit an intraday low of $12.6 and an intraday high of $12.88 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Ford Motor Company reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $37000.00 million for the quarter, compared to analysts expectations of $36279.44 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Ford Motor Company. Shares were Downgraded by Goldman on Jul 29, 2016 to ” Neutral” and Lowered the Price Target to $ 13 from a previous price target of $15 .Piper Jaffray Initiated Ford Motor Company on Jun 10, 2016 to “Overweight”, Price Target of the shares are set at $17.Ford Motor Company was Downgraded by BofA/Merrill to ” Neutral” on Apr 29, 2016.

Ford Motor Company (Ford) manufactures or distributes automobiles across six continents. The Company operates in two sectors: Automotive and Financial Services. Automotive sector includes North America South America Europe Middle East & Africa and Asia Pacific segments. Financial Services sector includes Ford Motor Credit Company and Other Financial Services segments. Its automotive brands include Ford and Lincoln. Other Financial Services includes a range of businesses including holding companies and real estate-related activities. The Company has around 62 plants across the world. Through its wholly owned subsidiary Ford Motor Credit Company LLC it provides automotive financing products to and through automotive dealers throughout the world.

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