Mirae Asset Global Investments Co. Ltd. Grows Stake in Ford Motor (NYSE:F)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Ford Motor (NYSE:F) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,415,912 shares of the auto manufacturer’s stock after purchasing an additional 421,093 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of Ford Motor worth $34,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Hager Investment Management Services LLC acquired a new position in Ford Motor during the fourth quarter worth about $26,000. Quarry LP acquired a new position in Ford Motor during the second quarter worth about $27,000. Reston Wealth Management LLC acquired a new position in Ford Motor during the third quarter worth about $33,000. Access Investment Management LLC acquired a new position in Ford Motor during the third quarter worth about $34,000. Finally, Modus Advisors LLC acquired a new position in Ford Motor during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on F shares. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Sanford C. Bernstein lowered shares of 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. Finally, Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the company from $12.00 to $9.00 in a 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 data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus target price of $11.82.

Ford Motor Trading Up 2.7 %

Shares of Ford Motor stock opened at $10.16 on Wednesday. The company has a fifty day simple moving average of $10.18 and a 200-day simple moving average of $10.64. Ford Motor has a 12-month low of $9.49 and a 12-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. The stock has a market cap of $40.36 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.96 and a beta of 1.63.

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.