MCF Advisors LLC Grows Stake in Ford Motor (NYSE:F)

MCF Advisors LLC grew its holdings in shares of Ford Motor (NYSE:F) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,658 shares of the auto manufacturer’s stock after buying an additional 3,405 shares during the period. MCF Advisors LLC’s holdings in Ford Motor were worth $598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in F. PFG Investments LLC raised its stake in Ford Motor by 1.6% in the third quarter. PFG Investments LLC now owns 249,297 shares of the auto manufacturer’s stock worth $2,633,000 after buying an additional 3,946 shares in the last quarter. Forsta AP Fonden lifted its stake in shares of Ford Motor by 13.6% in the 3rd quarter. Forsta AP Fonden now owns 917,700 shares of the auto manufacturer’s stock valued at $9,691,000 after purchasing an additional 109,700 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Ford Motor by 9.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,994,819 shares of the auto manufacturer’s stock valued at $32,284,000 after purchasing an additional 266,256 shares in the last quarter. Lincoln Capital Corp grew its stake in Ford Motor by 18.3% in the third quarter. Lincoln Capital Corp now owns 31,025 shares of the auto manufacturer’s stock worth $328,000 after purchasing an additional 4,800 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its position in Ford Motor by 3.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 51,306 shares of the auto manufacturer’s stock valued at $542,000 after buying an additional 1,544 shares during the period. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on F shares. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Wells Fargo & Company cut their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Barclays dropped their target price on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Finally, Wolfe Research began coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.56.

Ford Motor Stock Performance

Shares of NYSE:F traded down $0.17 during trading on Friday, hitting $11.07. The company’s stock had a trading volume of 39,120,742 shares, compared to its average volume of 53,009,141. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The firm has a market cap of $44.20 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 0.77 and a beta of 1.62. The company has a 50-day moving average of $10.83 and a 200-day moving average of $11.70. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same period in the previous year, the firm earned $0.72 EPS. The company’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that Ford Motor will post 1.88 earnings per share for the current 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.