First Republic Investment Management Inc. Purchases 402,065 Shares of Ford Motor (NYSE:F)

First Republic Investment Management Inc. boosted its position in shares of Ford Motor (NYSE:F – Get Rating) by 32.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,636,021 shares of the auto manufacturer’s stock after buying an additional 402,065 shares during the quarter. First Republic Investment Management Inc.’s holdings in Ford Motor were worth $18,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wagner Wealth Management LLC bought a new position in Ford Motor in the 2nd quarter worth $25,000. Moisand Fitzgerald Tamayo LLC raised its holdings in Ford Motor by 62.5% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 2,616 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 1,006 shares in the last quarter. WFA of San Diego LLC bought a new position in Ford Motor in the 2nd quarter worth $31,000. Rocky Mountain Advisers LLC bought a new position in Ford Motor in the 2nd quarter worth $33,000. Finally, Laurel Wealth Advisors LLC raised its holdings in Ford Motor by 107.6% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,020 shares of the auto manufacturer’s stock worth $34,000 after purchasing an additional 1,565 shares in the last quarter. 49.68% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

Shares of F stock opened at $12.74 on Wednesday. Ford Motor has a one year low of $10.61 and a one year high of $21.05. The company’s 50-day moving average is $12.81 and its 200 day moving average is $13.39. The company has a market capitalization of $51.22 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 1.09 and a beta of 1.44. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.03 and a current ratio of 1.20.

Ford Motor (NYSE:F – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The auto manufacturer reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $37.19 billion for the quarter, compared to analysts’ expectations of $37.11 billion. Ford Motor had a net margin of 5.94% and a return on equity of 14.69%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. Sell-side analysts expect that Ford Motor will post 1.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

F has been the subject of several research reports. Morgan Stanley upped their price objective on shares of Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, October 28th. TheStreet lowered shares of Ford Motor from a “b-” rating to a “c” rating in a report on Wednesday, October 26th. StockNews.com started coverage on shares of Ford Motor in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. UBS Group downgraded shares of Ford Motor from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $13.00 to $10.00 in a research report on Monday, October 10th. Finally, Citigroup upped their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus price target of $17.29.

Insider Activity

In other news, insider Stuart J. Rowley sold 29,821 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $13.97, for a total transaction of $416,599.37. Following the sale, the insider now owns 224,978 shares of the company’s stock, valued at approximately $3,142,942.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

Ford Motor Company Profile

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Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive, Mobility, Ford Credit, Corporate Other, Interest on Debt, and Special Items. The Automotive segment develops, manufactures, markets, and services Ford and Lincoln vehicles, service parts, and accessories.