Markets

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

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

Berenberg Bank set a $31.00 price target on General Motors and gave the stock a "sell" rating in a research report on Monday, August 14th. First Trust Advisors LP owned 0.12% of Ford Motor worth $58,510,000 at the end of the most recent reporting period.

Ford also blamed commodity prices and the launch of its new Fiesta for an $86 million loss in Europe, having reported a profit of $310 million for the division in the third quarter previous year. Wealthsource Partners LLC lifted its position in shares of Ford Motor by 7.3% during the 1st quarter. Supplemental Annuity Collective Tru Of Nj owns 0.63% invested in General Motors Company (NYSE:GM) for 40,000 shares.

According to Zacks, "The Zacks Consensus Estimate of Ford's yearly earnings estimate has been going down of late". Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of General Motors during the first quarter valued at $106,000. Clifford Swan Investment Counsel LLC now owns 16,778 shares of the auto manufacturer's stock valued at $195,000 after buying an additional 1,000 shares during the last quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer's stock worth $3,262,952,000 after buying an additional 3,560,717 shares during the period.

A number of other equities research analysts also recently weighed in on GM. Morgan Stanley upgraded General Motors Company (NYSE:GM) on Monday, September 19 to "Overweight" rating. Zacks Investment Research cut Ford Motor from a hold rating to a sell rating in a research report on Monday, July 18th. Ford Mtr Co Del now has $48.16 billion valuation. UBS maintained it with "Buy" rating and $22 target in Wednesday, October 28 report. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. The stock of General Motors Company (NYSE:GM) has "Hold" rating given on Friday, July 14 by RBC Capital Markets. Bartlett Company Ltd Llc reported 0% in General Motors Company (NYSE:GM). If you are viewing this piece on another publication, it was illegally copied and republished in violation of worldwide copyright law. Peak6 Lp has invested 0.09% of its portfolio in General Motors Company (NYSE:GM). Amf Pensionsforsakring Ab has invested 0.08% in Ford Motor Company (NYSE:F). About 2,500 shares traded. The company's 50 day moving average price is $12.07 and its 200 day moving average price is $12.77. The stock touched 52-week High of $13.22 on 01/04/17 and 52-week Low of $10.47 on 08/18/17. The market capitalization of the company is at $49.26 Billion.

Craig Hallum set a $45.00 price objective on General Motors Company (NYSE:GM) (TSE:GMM.U) in a research note released on Wednesday morning. The company's quarterly revenue was up.9% compared to the same quarter past year. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.07 by $0.25.

Ford Motor Company reported net income of $1.57 billion in the third quarter of the year. It also reduced its holding in Wells Fargo & Co New (NYSE:WFC) by 11.72M shares in the quarter, leaving it with 467.99 million shares, and cut its stake in American Airls Group Inc (NASDAQ:AAL). Investors of record on Friday, December 8th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.98%. General Motors's dividend payout ratio (DPR) is now 77.95%. These ratios are important while doing valuation of the company or the shares of the company. Following the transaction, the insider now owns 66,748 shares in the company, valued at approximately $2,374,226.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Lechleiter acquired 5,000 shares of Ford Motor stock in a transaction on Monday, August 8th. The stock was sold at an average price of $44.59, for a total value of $5,513,330.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 217,700 shares of company stock worth $2,486,044. Hedge funds and other institutional investors own 56.05% of the company's stock. Moreover, Argent Company has 0.15% invested in Ford Motor Company (NYSE:F).

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts.


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