Tompkins Financial Corp Lowers Holdings in Ford Motor (NYSE:F)
Tompkins Financial Corp decreased its position in shares of Ford Motor (NYSE:F) by 43.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,145 shares of the auto manufacturer’s stock after selling 8,617 shares during the quarter. Tompkins Financial Corp’s holdings in Ford Motor were worth $68,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. increased its stake in Ford Motor by 1.3% during the 4th quarter. Sunbelt Securities Inc. now owns 179,690 shares of the auto manufacturer’s stock worth $1,671,000 after buying an additional 2,355 shares during the period. Norges Bank acquired a new position in shares of Ford Motor during the 4th quarter valued at $197,547,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Ford Motor by 19.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 22,944 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 3,669 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new position in shares of Ford Motor in the 1st quarter valued at $67,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Ford Motor by 6.7% in the first quarter. State of Alaska Department of Revenue now owns 1,098,845 shares of the auto manufacturer’s stock worth $5,306,000 after buying an additional 69,368 shares during the period. Hedge funds and other institutional investors own 49.28% of the company’s stock.
A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Ford Motor from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, June 19th. Morgan Stanley lifted their target price on shares of Ford Motor from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Jefferies Financial Group reissued a “buy” rating and issued a $7.50 target price on shares of Ford Motor in a research note on Thursday, June 18th. Goldman Sachs Group started coverage on Ford Motor in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $5.00 price objective on the stock. Finally, UBS Group raised their target price on Ford Motor from $4.30 to $6.70 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $7.48.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, July 30th. The auto manufacturer reported ($0.35) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.30) by $0.95. The company had revenue of $19.37 billion during the quarter, compared to analyst estimates of $15.07 billion. Ford Motor had a negative net margin of 1.63% and a negative return on equity of 1.47%. On average, sell-side analysts expect that Ford Motor will post -1.28 earnings per share for the current fiscal year.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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