Exxonmobil Investment Management Inc Tx Lowers stake in Ford Motor Company (F)

Ford Motor Company (F) : Exxonmobil Investment Management Inc Tx reduced its stake in Ford Motor Company by 1.35% during the most recent quarter end. The investment management company now holds a total of 996,419 shares of Ford Motor Company which is valued at $12,245,990 after selling 13,610 shares in Ford Motor Company , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Ford Motor Company makes up approximately 0.26% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in F in the latest quarter, The investment management firm added 342 additional shares and now holds a total of 59,800 shares of Ford Motor Company which is valued at $734,942. Ford Motor Company makes up approx 0.14% of Advisory Services Network’s portfolio.Telemus Capital boosted its stake in F in the latest quarter, The investment management firm added 274 additional shares and now holds a total of 60,867 shares of Ford Motor Company which is valued at $759,620. Ford Motor Company makes up approx 0.08% of Telemus Capital’s portfolio.Summit Financial Wealth Advisors boosted its stake in F in the latest quarter, The investment management firm added 166,711 additional shares and now holds a total of 248,321 shares of Ford Motor Company which is valued at $3,099,046. Ford Motor Company makes up approx 1.35% of Summit Financial Wealth 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.

Ford Motor Company closed down -0.1 points or -0.81% at $12.29 with 2,20,93,202 shares getting traded on Friday. Post opening the session at $12.39, the shares hit an intraday low of $12.2 and an intraday high of $12.42 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. 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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