Leo Wealth LLC Boosts Stake in Ford Motor (NYSE:F)

Leo Wealth LLC raised its position in Ford Motor (NYSE:F) by 8.3% during the third quarter, HoldingsChannel.com reports. The firm owned 19,489 shares of the auto manufacturer’s stock after buying an additional 1,489 shares during the quarter. Leo Wealth LLC’s holdings in Ford Motor were worth $206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Ford Motor by 27.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Ford Motor by 456.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock worth $50,160,000 after buying an additional 3,281,800 shares during the period. AQR Capital Management LLC grew its stake in shares of Ford Motor by 103.6% in the second quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock valued at $60,844,000 after buying an additional 2,497,695 shares in the last quarter. Natixis raised its holdings in shares of Ford Motor by 1,930.4% during the 1st quarter. Natixis now owns 2,174,316 shares of the auto manufacturer’s stock valued at $28,875,000 after buying an additional 2,067,226 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Ford Motor by 11.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after acquiring an additional 1,214,640 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

F stock opened at $11.06 on Thursday. The stock’s 50 day simple moving average is $10.80 and its 200 day simple moving average is $11.72. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The firm has a market cap of $44.16 billion, a P/E ratio of 11.40, a P/E/G ratio of 0.77 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a research note on Tuesday, September 10th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Evercore ISI upgraded Ford Motor to a “hold” rating in a research note on Friday, July 26th. Barclays cut their price target on 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, Royal Bank of Canada lowered their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.56.

About Ford Motor

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.