10,666 Shares in Ford Motor (NYSE:F) Bought by Eastern Bank

Eastern Bank bought a new position in Ford Motor (NYSE:F) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,666 shares of the auto manufacturer’s stock, valued at approximately $113,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xcel Wealth Management LLC boosted its position in Ford Motor by 38.1% during the 3rd quarter. Xcel Wealth Management LLC now owns 1,102,156 shares of the auto manufacturer’s stock worth $11,639,000 after acquiring an additional 303,881 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Ford Motor by 6.0% in the third quarter. Foundations Investment Advisors LLC now owns 96,156 shares of the auto manufacturer’s stock worth $1,015,000 after purchasing an additional 5,481 shares in the last quarter. Winch Advisory Services LLC lifted its position in shares of Ford Motor by 6.3% in the third quarter. Winch Advisory Services LLC now owns 18,360 shares of the auto manufacturer’s stock worth $194,000 after purchasing an additional 1,080 shares in the last quarter. Everence Capital Management Inc. boosted its holdings in Ford Motor by 33.7% during the third quarter. Everence Capital Management Inc. now owns 109,943 shares of the auto manufacturer’s stock worth $1,161,000 after purchasing an additional 27,740 shares during the last quarter. Finally, Wealth Advisory Solutions LLC acquired a new stake in Ford Motor in the 3rd quarter valued at $239,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

F stock opened at $11.23 on Friday. Ford Motor has a 1 year low of $9.49 and a 1 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 stock has a market cap of $44.83 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 0.77 and a beta of 1.62. The company has a 50 day simple moving average of $10.80 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 anticipate that Ford Motor will post 1.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on F shares. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Wolfe Research assumed coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. 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 research note on Tuesday, October 1st. Finally, Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.