Canal Capital Management adds Ford Motor Company (F) to its portfolio

Ford Motor Company (F) : Canal Capital Management added new position in Ford Motor Company during the most recent quarter end. The investment management firm now holds 90,022 shares of Ford Motor Company which is valued at $1,091,067 , the company said in a statement filed on Oct 11, 2016 with the SEC.Ford Motor Company makes up approximately 1.02% of Canal Capital Management’s portfolio.

Other Hedge Funds, Including , Naples Global Advisors boosted its stake in F in the latest quarter, The investment management firm added 9,700 additional shares and now holds a total of 82,065 shares of Ford Motor Company which is valued at $994,628. Ford Motor Company makes up approx 0.39% of Naples Global Advisors’s portfolio.Washington Trust Bank boosted its stake in F in the latest quarter, The investment management firm added 640 additional shares and now holds a total of 21,301 shares of Ford Motor Company which is valued at $265,836. Ford Motor Company makes up approx 0.06% of Washington Trust Bank’s portfolio.Lau Associates reduced its stake in F by selling 1,000 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 110,300 shares of F which is valued at $1,376,544. Ford Motor Company makes up approx 1.40% of Lau Associates’s portfolio.

Ford Motor Company closed down -0.13 points or -1.07% at $11.99 with 4,00,53,504 shares getting traded on Tuesday. Post opening the session at $12.17, the shares hit an intraday low of $11.91 and an intraday high of $12.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Nomura Initiated Ford Motor Company on Sep 20, 2016 to “Buy”, Price Target of the shares are set at $14.Ford Motor Company was Downgraded by Buckingham Research to ” Neutral” on Sep 20, 2016. Ford Motor Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 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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