Mirae Asset Global Investments Co. Ltd. Purchases 266,256 Shares of Ford Motor (NYSE:F)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Ford Motor (NYSE:F) by 9.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,994,819 shares of the auto manufacturer’s stock after acquiring an additional 266,256 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Ford Motor worth $32,284,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Czech National Bank lifted its holdings in Ford Motor by 6.5% during the 3rd quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock valued at $8,403,000 after purchasing an additional 48,456 shares during the last quarter. Claro Advisors LLC lifted its stake in shares of Ford Motor by 333.6% during the 3rd quarter. Claro Advisors LLC now owns 59,179 shares of the auto manufacturer’s stock worth $625,000 after buying an additional 45,532 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ford Motor by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock worth $71,039,000 after buying an additional 59,082 shares during the period. Hodges Capital Management Inc. grew its stake in Ford Motor by 18.3% in the 1st quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock valued at $1,268,000 after buying an additional 14,750 shares during the last quarter. Finally, Brookstone Capital Management raised its holdings in Ford Motor by 8.5% in the 3rd quarter. Brookstone Capital Management now owns 955,129 shares of the auto manufacturer’s stock valued at $10,086,000 after acquiring an additional 75,193 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on F shares. Wolfe Research started coverage on shares of Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Evercore ISI raised Ford Motor to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company reduced their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Barclays cut their price objective on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.56.

Ford Motor Price Performance

Shares of NYSE:F opened at $11.07 on Friday. Ford Motor has a one year low of $9.49 and a one year high of $14.85. 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 company has a market cap of $44.20 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 0.77 and a beta of 1.62. The firm has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $11.72.

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

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.