Smith Group Asset Management LLC Makes New $495,000 Investment in Ford Motor (NYSE:F)

Smith Group Asset Management LLC acquired a new stake in Ford Motor (NYSE:F) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 50,000 shares of the auto manufacturer’s stock, valued at approximately $495,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. JDH Wealth Management LLC purchased a new position in Ford Motor in the 4th quarter valued at approximately $104,000. Lebenthal Global Advisors LLC raised its stake in shares of Ford Motor by 17.6% in the fourth 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 in the last quarter. Pacer Advisors Inc. boosted its holdings in Ford Motor by 141.6% in the fourth quarter. Pacer Advisors Inc. now owns 699,604 shares of the auto manufacturer’s stock valued at $6,926,000 after purchasing an additional 410,092 shares during the period. Cornerstone Wealth Group LLC grew its stake in 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 purchasing an additional 1,098 shares in the last quarter. Finally, 1834 Investment Advisors Co. increased its holdings in Ford Motor by 3.8% during the 4th quarter. 1834 Investment Advisors Co. now owns 284,777 shares of the auto manufacturer’s stock worth $2,819,000 after purchasing an additional 10,344 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

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

Ford Motor Price Performance

F stock opened at $10.20 on Thursday. The business has a 50 day simple moving average of $10.25 and a 200-day simple moving average of $10.76. The company has a market capitalization of $40.54 billion, a P/E ratio of 11.59, a PEG ratio of 1.93 and a beta of 1.64. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same period last year, the firm posted $0.39 EPS. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Ford Motor will post 1.77 EPS for the current 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.