First Mercantile Trust Co buys $466,467 stake in Ford Motor Company (F)

Ford Motor Company (F) : First Mercantile Trust Co scooped up 1,305 additional shares in Ford Motor Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 37,955 shares of Ford Motor Company which is valued at $466,467.Ford Motor Company makes up approximately 0.06% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in F by selling 1,638 shares or 13.44% in the most recent quarter. The Hedge Fund company now holds 10,550 shares of F which is valued at $129,660. Ford Motor Company makes up approx 0.04% of Central Bank Trust Co’s portfolio.Stillwater Investment Management reduced its stake in F by selling 1,696 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 88,717 shares of F which is valued at $1,107,188. Ford Motor Company makes up approx 0.60% of Stillwater Investment Management’s portfolio.Burns J W Co Incny reduced its stake in F by selling 668 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 28,202 shares of F which is valued at $351,961. Ford Motor Company makes up approx 0.11% of Burns J W Co Incny’s portfolio.Chevy Chase Trust Holdings reduced its stake in F by selling 74,221 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 3,899,546 shares of F which is valued at $48,666,334. Ford Motor Company makes up approx 0.27% of Chevy Chase Trust Holdings’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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