Abundance Wealth Counselors Has $1.18 Million Stock Position in Ford Motor (NYSE:F)

Abundance Wealth Counselors lessened its holdings in Ford Motor (NYSE:F) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,125 shares of the auto manufacturer’s stock after selling 13,805 shares during the period. Abundance Wealth Counselors’ holdings in Ford Motor were worth $1,179,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in F. Franklin Resources Inc. raised its holdings in shares of Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares during the period. Principal Financial Group Inc. raised its stake in shares of Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after buying an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC purchased a new position in shares of Ford Motor during the 3rd quarter valued at $55,456,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of Ford Motor during the 4th quarter worth $10,853,000. Finally, ING Groep NV increased its holdings in Ford Motor by 93.4% in the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after acquiring an additional 570,293 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 0.9 %

F opened at $10.07 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The stock has a market capitalization of $40.00 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.97 and a beta of 1.64. The firm has a 50 day moving average price of $10.21 and a 200-day moving average price of $10.73.

Analyst Ratings Changes

A number of brokerages have weighed in on F. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently 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.