Hoylecohen LLC acquired a new stake in shares of Ford Motor (NYSE:F) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 65,955 shares of the auto manufacturer’s stock, valued at approximately $824,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. lifted its holdings in Ford Motor by 136.1% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 8,500 shares of the auto manufacturer’s stock valued at $106,000 after purchasing an additional 4,900 shares in the last quarter. Brighton Jones LLC lifted its holdings in Ford Motor by 40.3% during the third quarter. Brighton Jones LLC now owns 19,225 shares of the auto manufacturer’s stock valued at $119,000 after purchasing an additional 5,518 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Ford Motor during the third quarter valued at approximately $124,000. Cedar Capital LLC purchased a new position in Ford Motor during the fourth quarter valued at approximately $126,000. Finally, Personal Capital Advisors Corp bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $128,000. 56.59% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director John C. Lechleiter acquired 5,000 shares of the stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $10.28 per share, for a total transaction of $51,400.00. Following the transaction, the director now owns 30,000 shares in the company, valued at approximately $308,400. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Chairman William Clay Ford, Jr. sold 454,260 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $10.32, for a total value of $4,687,963.20. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by corporate insiders.
F opened at $11.18 on Friday. Ford Motor has a 52-week low of $10.14 and a 52-week high of $13.48. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.12 and a current ratio of 1.23. The stock has a market cap of $45,097.54, a PE ratio of 6.28, a P/E/G ratio of 0.69 and a beta of 1.05.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. The business had revenue of $38.50 billion during the quarter, compared to analyst estimates of $36.96 billion. During the same quarter last year, the company posted $0.30 EPS. Ford Motor’s quarterly revenue was up 6.9% compared to the same quarter last year. analysts anticipate that Ford Motor will post 1.55 earnings per share for the current fiscal year.
F has been the topic of several research reports. BMO Capital Markets restated a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research report on Tuesday, March 6th. Susquehanna Bancshares set a $12.00 price objective on shares of Ford Motor and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Nomura dropped their price objective on shares of Ford Motor to $11.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.00 price objective for the company. in a research note on Monday, January 29th. Finally, ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company. Ford Motor has an average rating of “Hold” and an average target price of $12.42.
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About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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