IFM Investors Pty Ltd boosted its stake in Ford Motor (NYSE:F) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,434 shares of the auto manufacturer’s stock after acquiring an additional 33,495 shares during the period. IFM Investors Pty Ltd’s holdings in Ford Motor were worth $2,154,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of F. Newport Trust Co raised its holdings in Ford Motor by 3.6% in the second quarter. Newport Trust Co now owns 189,895,163 shares of the auto manufacturer’s stock valued at $1,154,563,000 after acquiring an additional 6,527,341 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Ford Motor by 100.4% during the second quarter. Assenagon Asset Management S.A. now owns 8,489,493 shares of the auto manufacturer’s stock valued at $51,616,000 after buying an additional 4,253,850 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in Ford Motor by 4,281.6% during the first quarter. Voloridge Investment Management LLC now owns 3,796,572 shares of the auto manufacturer’s stock valued at $18,337,000 after buying an additional 3,709,924 shares in the last quarter. Advisor Group Holdings Inc. purchased a new stake in Ford Motor during the first quarter valued at about $12,537,000. Finally, APG Asset Management N.V. lifted its stake in Ford Motor by 916.1% during the first quarter. APG Asset Management N.V. now owns 2,340,265 shares of the auto manufacturer’s stock valued at $11,303,000 after buying an additional 2,109,943 shares in the last quarter. 47.42% of the stock is currently owned by hedge funds and other institutional investors.
F stock traded up $0.05 during midday trading on Friday, reaching $7.67. The stock had a trading volume of 47,509,411 shares, compared to its average volume of 79,803,031. The business has a fifty day simple moving average of $6.99 and a two-hundred day simple moving average of $6.22. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 3.89. The firm has a market cap of $30.51 billion, a price-to-earnings ratio of -14.47 and a beta of 1.32. Ford Motor has a twelve month low of $3.96 and a twelve month high of $9.57.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, July 30th. The auto manufacturer reported ($0.35) earnings per share (EPS) for the quarter, topping 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 return on equity of 1.49% and a negative net margin of 1.63%. On average, equities analysts predict that Ford Motor will post -0.67 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the stock. Barclays increased their price target on shares of Ford Motor from $4.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. UBS Group increased their price target on shares of Ford Motor from $4.30 to $6.70 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Ford Motor from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Tuesday, October 13th. Benchmark raised shares of Ford Motor from a “hold” rating to a “buy” rating and increased their price target for the stock from $7.25 to $10.00 in a research report on Monday, October 12th. Finally, Nomura reissued a “sell” rating on shares of Ford Motor in a research report on Thursday, August 20th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $8.11.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln luxury 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.
Further Reading: Mutual Funds
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