First Trust Advisors LP Sells 170027 Shares of Ford Motor Company (F)

Ford truck

Other research analysts have also issued reports about the stock. The firm now has $12.00 price target on the auto manufacturer's stock.

Zacks Investment Research downgraded shares of Ford Motor Company (NYSE:F) from a hold rating to a sell rating in a report issued on Tuesday. Improved operating performance and a lower tax rate were the key drivers behind the more than 60% year on year increase in net income for this quarter. JPMorgan Chase & Co. reiterated an overweight rating on shares of Ford Motor in a research report on Monday, September 12th. Berkshire Hathaway Inc who had been investing in General Mtrs Co for a number of months, seems to be bullish on the $63.29 billion market cap company. Finally, Vetr cut Ford Motor from a strong-buy rating to a buy rating and set a $13.45 target price on the a research report on Monday, July 4th. The company has a consensus rating of "Hold" and a consensus target price of $12.44. The company's 50 day moving average price is $12.07 and its 200 day moving average price is $12.77. General Motors Company (NYSE:GM) has risen 7.92% since October 28, 2016 and is uptrending. The analysts estimated EPS for the higher end at 0.53 and lower end at 0.38 while the year ago reported earnings per share was 0.4. The company had revenue of $33.65 billion during the quarter, compared to analyst estimates of $32.80 billion. The shares were sold at an average price of $36.00, for a total transaction of $1,440,000.00. The company had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. On average, equities analysts expect that General Motors will post $6.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, October 27th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.98%. Cleararc Cap has 0.19% invested in General Motors Company (NYSE:GM) for 33,680 shares. Following the transaction, the insider now directly owns 234,274 shares of the company's stock, valued at approximately $8,145,706.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nysschen Carel J. De sold 123,645 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $12.37, for a total value of $273,080.12. The company had a trading volume of 11,874,993 shares. The disclosure for this purchase can be found here. The automaker's stock is up nearly 30% while Ford's is down about 1%.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer's stock valued at $3,262,952,000 after acquiring an additional 3,560,717 shares during the period.

General Motors (GM) traded down 1.35% during midday trading on Wednesday, reaching $44.64. Ffcm LLC now owns 3,373 shares of the auto manufacturer's stock valued at $120,000 after purchasing an additional 3,213 shares during the period. State Street Corp raised its holdings in General Motors by 3.9% in the 1st quarter.

Berkshire Hathaway Inc, which manages about $162.14B US Long portfolio, decreased its stake in International Business Machs (NYSE:IBM) by 10.48 million shares to 54.08M shares, valued at $8.32 billion in 2017Q2, according to the filing. Finally, Hudock Capital Group LLC boosted its position in shares of Ford Motor by 14.9% in the second quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer's stock worth $1,094,259,000 after buying an additional 1,500,500 shares during the period. Hedge funds and other institutional investors own 56.05% of the company's stock.

COPYRIGHT VIOLATION NOTICE: This article was reported by Week Herald and is owned by of Week Herald. If you are viewing this piece on another site, it was illegally copied and republished in violation of U.S. & global copyright law. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles, as well as Lincoln luxury vehicles. However, the company's European operations would return to profitability in the fourth quarter and for the full year.

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