Summit Asset Management buys $150,687 stake in Ford Motor Company (F)

Ford Motor Company (F) : Summit Asset Management scooped up 1,801 additional shares in Ford Motor Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 12,241 shares of Ford Motor Company which is valued at $150,687.Ford Motor Company makes up approximately 0.07% of Summit Asset Management’s portfolio.

Other Hedge Funds, Including , Hamel Associates sold out all of its stake in F during the most recent quarter. The investment firm sold 14,925 shares of F which is valued $183,727.Diversified Trust Co boosted its stake in F in the latest quarter, The investment management firm added 120,675 additional shares and now holds a total of 133,350 shares of Ford Motor Company which is valued at $1,845,564. Ford Motor Company makes up approx 0.25% of Diversified Trust Co’s portfolio.Sigma Planning Corp reduced its stake in F by selling 10,061 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 501,144 shares of F which is valued at $6,935,833. Ford Motor Company makes up approx 0.88% of Sigma Planning Corp’s portfolio. Campbell Newman Asset Management Inc added F to its portfolio by purchasing 88,332 company shares during the most recent quarter which is valued at $1,190,715. Ford Motor Company makes up approx 0.21% of Campbell Newman Asset Management Inc’s portfolio.

Ford Motor Company opened for trading at $12.37 and hit $12.44 on the upside on Monday, eventually ending the session at $12.43, with a gain of 0.81% or 0.1 points. The heightened volatility saw the trading volume jump to 1,63,71,100 shares. Company has a market cap of $49,387 M.

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. Ford Motor Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016. Jefferies Initiated Ford Motor Company on Aug 9, 2016 to “Underperform”, Price Target of the shares are set at $10.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 .

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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