Burford Brothers Inc. raised its stake in shares of Ford Motor (NYSE:F – Free Report) by 13.5% during the fourth quarter, Holdings Channel reports. The firm owned 57,659 shares of the auto manufacturer’s stock after buying an additional 6,870 shares during the period. Burford Brothers Inc.’s holdings in Ford Motor were worth $571,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Franklin Resources Inc. boosted its position in Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after buying an additional 336,720 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after acquiring an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of Ford Motor in the 3rd quarter worth approximately $55,456,000. CHURCHILL MANAGEMENT Corp bought a new stake in Ford Motor during the 4th quarter worth approximately $10,853,000. Finally, ING Groep NV increased its holdings in Ford Motor by 93.4% during the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock valued at $12,473,000 after purchasing an additional 570,293 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on F. 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. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.82.
Ford Motor Price Performance
F opened at $10.07 on Monday. The company has a fifty day moving average price of $10.21 and a two-hundred day moving average price of $10.70. The firm has a market capitalization of $40.00 billion, a PE ratio of 11.44, a P/E/G ratio of 1.97 and a beta of 1.64. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. 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 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.
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