Richardson Financial Services Inc. Sells 1,750 Shares of Ford Motor (NYSE:F)

Richardson Financial Services Inc. reduced its stake in Ford Motor (NYSE:F) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,040 shares of the auto manufacturer’s stock after selling 1,750 shares during the quarter. Richardson Financial Services Inc.’s holdings in Ford Motor were worth $89,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Algert Global LLC bought a new stake in Ford Motor in the 2nd quarter valued at approximately $214,000. Quarry LP bought a new stake in shares of Ford Motor in the second quarter worth $27,000. Czech National Bank boosted its holdings in Ford Motor by 6.5% during the third quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock worth $8,403,000 after purchasing an additional 48,456 shares during the last quarter. Quent Capital LLC increased its stake in Ford Motor by 94.5% in the 3rd quarter. Quent Capital LLC now owns 4,121 shares of the auto manufacturer’s stock valued at $44,000 after buying an additional 2,002 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Ford Motor by 4.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 504,928 shares of the auto manufacturer’s stock worth $5,332,000 after buying an additional 19,722 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft decreased 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 report on Wednesday, October 30th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their target price for the company from $12.00 to $9.00 in a report on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $11.82.

Ford Motor Stock Performance

NYSE:F opened at $10.07 on Monday. The company has a market cap of $40.00 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.97 and a beta of 1.64. Ford Motor has a fifty-two week low of $9.49 and a fifty-two 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. The stock has a fifty day moving average price of $10.21 and a 200-day moving average price of $10.70.

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.