Pacer Advisors Inc. Purchases 410,092 Shares of Ford Motor (NYSE:F)

Pacer Advisors Inc. grew its position in Ford Motor (NYSE:F) by 141.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 699,604 shares of the auto manufacturer’s stock after acquiring an additional 410,092 shares during the period. Pacer Advisors Inc.’s holdings in Ford Motor were worth $6,926,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Cornerstone Wealth Group LLC increased its holdings in shares of Ford Motor by 10.6% during the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock worth $113,000 after acquiring an additional 1,098 shares during the last quarter. 1834 Investment Advisors Co. raised its position in shares of Ford Motor by 3.8% in the fourth quarter. 1834 Investment Advisors Co. now owns 284,777 shares of the auto manufacturer’s stock valued at $2,819,000 after purchasing an additional 10,344 shares during the period. Avaii Wealth Management LLC lifted its stake in shares of Ford Motor by 79.4% during the 4th quarter. Avaii Wealth Management LLC now owns 19,029 shares of the auto manufacturer’s stock worth $188,000 after buying an additional 8,421 shares during the last quarter. Vista Investment Partners LLC boosted its holdings in shares of Ford Motor by 2.0% during the 4th quarter. Vista Investment Partners LLC now owns 77,805 shares of the auto manufacturer’s stock worth $770,000 after buying an additional 1,500 shares during the period. Finally, Jacksonville Wealth Management LLC acquired a new position in Ford Motor in the 4th quarter valued at about $239,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

F has been the subject of a number of research analyst reports. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $11.82.

Ford Motor Trading Up 1.2 %

Shares of F opened at $10.20 on Thursday. 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 firm has a market cap of $40.54 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.93 and a beta of 1.64. The business’s fifty day moving average is $10.25 and its 200-day moving average is $10.76.

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

Ford Motor Company 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.