Forsta AP Fonden Sells 42,500 Shares of Ford Motor (NYSE:F)

Forsta AP Fonden decreased its holdings in shares of Ford Motor (NYSE:F) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 875,200 shares of the auto manufacturer’s stock after selling 42,500 shares during the quarter. Forsta AP Fonden’s holdings in Ford Motor were worth $8,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Smith Group Asset Management LLC bought a new stake in Ford Motor during the 4th quarter worth $495,000. JDH Wealth Management LLC acquired a new stake in Ford Motor during the 4th quarter worth approximately $104,000. Lebenthal Global Advisors LLC increased its position in Ford Motor by 17.6% in the 4th quarter. Lebenthal Global Advisors LLC now owns 81,356 shares of the auto manufacturer’s stock valued at $805,000 after acquiring an additional 12,203 shares during the period. Pacer Advisors Inc. raised its stake in shares of Ford Motor by 141.6% during the fourth quarter. Pacer Advisors Inc. now owns 699,604 shares of the auto manufacturer’s stock valued at $6,926,000 after acquiring an additional 410,092 shares during the last quarter. Finally, Cornerstone Wealth Group LLC lifted its holdings in shares of Ford Motor by 10.6% during the fourth quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock worth $113,000 after purchasing an additional 1,098 shares during the period. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on F. Deutsche Bank Aktiengesellschaft lowered their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Finally, Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.82.

Ford Motor Stock Down 0.6 %

Shares of NYSE:F opened at $10.15 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The business’s 50 day simple moving average is $10.24 and its two-hundred day simple moving average is $10.76. The firm has a market cap of $40.32 billion, a P/E ratio of 11.53, a PEG ratio of 1.93 and a beta of 1.64.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the previous year, the business posted $0.39 EPS. Ford Motor’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that Ford Motor will post 1.77 EPS for the current fiscal year.

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.