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 stock.in 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.

Related News:



Most liked

U.S. issues new targeted North Korean sanctions for Human rights abuse
The comments by Mattis come a month after the North carried out its sixth nuclear test which was the biggest it had tried to date. On Friday, Song called North Korea's actions a "reckless provocation", while Mattis labeled them "outlaw behavior".

Steam now lets you buy digital gift cards
You can purchase them with the normal Steam methods of payment, whether you choose credit or debit cards, PayPal, or Bitcoin. Physical gift cards are also available at a number of stores, and can be redeemed for Steam wallet credit.

Nose of plane carrying Oklahoma City Thunder dented on flight to Chicago
According to ESPN's Royce Young, the Thunder landed in Chicago around 1 a.m. local time. Thunder forward Patrick Patterson took a video of the damage to the nose of the plane.

Defender swap deal touted between Man United and Tottenham
Mourinho has guided United back into the Champions League this season after winning the Europa League in May. Sherwood has since revealed that he would rather play under Pochettino or Guardiola than under Mourinho.

Caroline Garcia bounces back in WTA Finals
If Pliskova can win the title in Singapore , she will be back in the top position in women's singles tennis. She ends her WTA Finals campaign with a 1-2 record, after beginning the week with a victory over Garcia.

Sony Launches Two Budget Xperia R1 Smartphones In India
Interested customers, who pre-book a Xperia R1 or Xperia R1 Plus smartphone on Amazon India , they will get a special offer. Other connectivity features include 802.11 b/g/n WiFi, Bluetooth, GPS and a USB Type-C port for charging and data transfer.

Aaron Rodgers Plays Assassin's Creed Origins With Conan O'Brien
Green Bay Packers quarterback Aaron Rodgers was well enough to play on Thursday - that is play video games with Conan O'Brien. In an appearance on Conan O'Brien's Clueless Gamer segment, Rodgers said there were some extracurricular actions from Barr.

Golfer Emily Nash isn't awarded championship trophy because she's a girl
That means Nash can't compete as an individual, and her score on Tuesday only counted toward her team's total. But despite having the best score on the course, Nash was denied the first place finish and the trophy.

Singapore passport gets new design, security upgrade
Turkey and the Central African Republic revoked their visa-free status to United States passport holders, recently. In contrast, nations under duress-like Afghanistan, Syria, and Yemen-round out the bottom of the list.

Dwyane Wade to Come Off Bench For First Time in His Career
I might be able to be featured more and handle the ball more in the second-unit. "That's what professionals do". The Cavs will be without starting point Derrick Rose , who is still recovering from a sprained ankle.

Dead after Shooting at Grambling State University, Suspect Still at Large
We always encourage our students to be safe, to be aware, watch who they hang out with, and watch who's around at all times. "Nothing that anyone would've ever needed to have happened", Sutton said in an on-camera proclamation early Wednesday.

Nintendo Switch Will Let You Record But…
In the meantime, it seems that the hidden features in the Switch OS version 4 .0 are more interesting than the flaunted features. They don't have a way of interfacing directly with Nintendo's latest hardware, but the Switch does have USB support .

National Prescription Drug Take Back Day happening this Saturday
Flushing medications down the toilet or throwing them in the trash pose potential safety and health hazards. Authorities in San Diego and Imperial counties collected more than nine tons in 2016, according to the DEA.

U.S. ambassador to New Zealand Scott Brown faced complaints over 'cultural misunderstanding'
This story has been corrected to show that Brown is from Rye, New Hampshire, not Ryan. "I'm always welcoming that kind of advice", he added.

High Court finds National Party guilty of copyright breach
The court held that the National Party used the song 186 times during the campaign before taking the advert off the air. The National Party maintained the song was inspired by " Lose Yourself ", but different in composition.