Rockbridge Investment Management LCC purchased a new position in Ford Motor (NYSE:F) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,996 shares of the auto manufacturer’s stock, valued at approximately $73,000.
Several other large investors also recently modified their holdings of the stock. Newport Trust Co boosted its stake in Ford Motor by 3.6% during the 2nd quarter. Newport Trust Co now owns 189,895,163 shares of the auto manufacturer’s stock valued at $1,154,563,000 after acquiring an additional 6,527,341 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Ford Motor by 100.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,489,493 shares of the auto manufacturer’s stock valued at $51,616,000 after buying an additional 4,253,850 shares during the period. Voloridge Investment Management LLC grew its position in shares of Ford Motor by 4,281.6% during the 1st quarter. Voloridge Investment Management LLC now owns 3,796,572 shares of the auto manufacturer’s stock valued at $18,337,000 after buying an additional 3,709,924 shares during the last quarter. Swiss National Bank grew its position in shares of Ford Motor by 22.3% during the 1st quarter. Swiss National Bank now owns 15,113,378 shares of the auto manufacturer’s stock valued at $72,998,000 after buying an additional 2,755,800 shares during the last quarter. Finally, Advisor Group Holdings Inc. acquired a new position in Ford Motor in the first quarter valued at approximately $12,537,000. Institutional investors and hedge funds own 47.42% of the company’s stock.
Shares of NYSE F traded up $0.05 during trading on Wednesday, hitting $7.09. The company had a trading volume of 955,864 shares, compared to its average volume of 82,456,594. Ford Motor has a 52 week low of $3.96 and a 52 week high of $9.60. The business’s 50-day moving average is $6.90 and its 200 day moving average is $6.03. The company has a market cap of $28.01 billion, a P/E ratio of -13.25 and a beta of 1.33. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.23 and a current ratio of 1.34.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, July 30th. The auto manufacturer reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.30) by $0.95. Ford Motor had a negative return on equity of 1.49% and a negative net margin of 1.63%. The company had revenue of $19.37 billion for the quarter, compared to analyst estimates of $15.07 billion. On average, research analysts expect that Ford Motor will post -0.71 EPS for the current year.
A number of analysts have recently weighed in on F shares. Barclays increased their price target on Ford Motor from $4.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Jefferies Financial Group increased their price target on Ford Motor from $7.50 to $8.00 in a research report on Tuesday, August 4th. Credit Suisse Group raised their target price on Ford Motor from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Nomura restated a “sell” rating on shares of Ford Motor in a research report on Thursday, August 20th. Finally, JPMorgan Chase & Co. raised their target price on Ford Motor from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, June 19th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $7.67.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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