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Institutional investors boosted Ford shares amid strong earnings and rising stock prices.
Orrstown Financial, Meriwether Wealth, and Kingstone Capital Partners increased their stakes in Ford Motor Company during the second quarter, with Kingstone investing $13.31 million for 1.2 million shares.
Ford reported strong Q2 earnings, with $0.37 EPS and $50.18 billion in revenue, up 5% year-over-year, surpassing estimates.
The stock closed at $11.63, near its 1-year high of $11.99, with a market cap of $46.29 billion, a 5.2% dividend yield, and a PE ratio of 14.91.
Institutional ownership stands at 58.74%, while analysts have mixed ratings, with a consensus "Reduce" and a target price of $10.53.
Insider Andrew Frick sold 30,000 shares in July.
Los inversores institucionales impulsaron las acciones de Ford en medio de fuertes ganancias y alzas en los precios de las acciones.