Hexavest Inc. raised its stake in shares of Ford Motor (NYSE:F) by 33.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,573,391 shares of the auto manufacturer’s stock after purchasing an additional 1,140,513 shares during the quarter. Hexavest Inc.’s holdings in Ford Motor were worth $57,122,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. BlueMountain Capital Management LLC increased its stake in shares of Ford Motor by 92.9% in the second quarter. BlueMountain Capital Management LLC now owns 198,047 shares of the auto manufacturer’s stock worth $2,216,000 after acquiring an additional 95,361 shares during the period. Pzena Investment Management LLC increased its stake in shares of Ford Motor by 6.7% in the third quarter. Pzena Investment Management LLC now owns 25,409,816 shares of the auto manufacturer’s stock worth $304,155,000 after acquiring an additional 1,597,098 shares during the period. Advisors Capital Management LLC increased its stake in shares of Ford Motor by 21.2% in the third quarter. Advisors Capital Management LLC now owns 483,120 shares of the auto manufacturer’s stock worth $5,783,000 after acquiring an additional 84,375 shares during the period. Intersect Capital LLC acquired a new stake in shares of Ford Motor in the second quarter worth $606,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Ford Motor by 1.7% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 3,748,158 shares of the auto manufacturer’s stock worth $44,865,000 after acquiring an additional 64,036 shares during the period. Institutional investors and hedge funds own 53.61% of the company’s stock.
Shares of Ford Motor (F) traded up $0.13 during midday trading on Friday, reaching $13.16. 28,342,201 shares of the company were exchanged, compared to its average volume of 35,093,625. Ford Motor has a 12-month low of $10.47 and a 12-month high of $13.22. The stock has a market capitalization of $52,550.00, a P/E ratio of 11.96, a PEG ratio of 0.81 and a beta of 1.26. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08.
F has been the topic of a number of research reports. Citigroup increased their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Morgan Stanley reiterated a “sell” rating and issued a $10.00 price objective (up previously from $9.00) on shares of Ford Motor in a research note on Tuesday, October 31st. Cascend Securities lowered shares of Ford Motor to a “buy” rating in a research note on Tuesday, December 5th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $12.12 to $14.00 in a research note on Friday, October 13th. Finally, Goldman Sachs Group reissued a “hold” rating on shares of Ford Motor in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.66.
In other Ford Motor news, insider Hau N. Thai-Tang sold 19,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $12.50, for a total transaction of $237,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven R. Armstrong sold 10,752 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total transaction of $132,464.64. Following the transaction, the insider now directly owns 101,159 shares in the company, valued at $1,246,278.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,752 shares of company stock worth $603,965. Insiders own 1.08% of the company’s stock.
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Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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