Bensler LLC lessened its stake in Ford Motor (NYSE:F – Free Report) by 8.3% in the 4th quarter, HoldingsChannel reports. The fund owned 23,940 shares of the auto manufacturer’s stock after selling 2,177 shares during the quarter. Bensler LLC’s holdings in Ford Motor were worth $237,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Meridian Financial Partners LLC increased its position in Ford Motor by 1.1% in the third quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock worth $903,000 after purchasing an additional 953 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of Ford Motor by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock valued at $982,000 after purchasing an additional 969 shares during the last quarter. Pure Financial Advisors LLC grew its position in shares of Ford Motor by 6.6% during the 3rd quarter. Pure Financial Advisors LLC now owns 16,096 shares of the auto manufacturer’s stock worth $170,000 after buying an additional 990 shares during the period. PBMares Wealth Management LLC grew its position in shares of Ford Motor by 9.0% during the 3rd quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock worth $126,000 after buying an additional 991 shares during the period. Finally, Pointe Capital Management LLC raised its stake in shares of Ford Motor by 4.8% during the third quarter. Pointe Capital Management LLC now owns 21,821 shares of the auto manufacturer’s stock worth $230,000 after buying an additional 1,000 shares during the last quarter. 58.74% of the stock is owned by institutional investors.
Ford Motor Stock Down 2.9 %
Shares of F stock opened at $10.08 on Wednesday. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The firm has a fifty day moving average of $10.27 and a 200-day moving average of $10.79. The company has a market capitalization of $40.05 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.93 and a beta of 1.64.
Analysts Set New Price Targets
A number of equities analysts have issued reports on F shares. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Thursday, November 7th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.82.
Ford Motor Profile
Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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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