Bogart Wealth LLC Reduces Stock Holdings in Ford Motor (NYSE:F)

Bogart Wealth LLC cut its holdings in Ford Motor (NYSE:F) by 38.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,670 shares of the auto manufacturer’s stock after selling 2,266 shares during the period. Bogart Wealth LLC’s holdings in Ford Motor were worth $39,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Czech National Bank boosted its stake in shares of Ford Motor by 6.5% during the third quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock valued at $8,403,000 after acquiring an additional 48,456 shares during the last quarter. Claro Advisors LLC grew its holdings in shares of Ford Motor by 333.6% during the third 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Ford Motor by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock valued at $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 worth $1,268,000 after acquiring an additional 14,750 shares during the period. 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 last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on F shares. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Wolfe Research started coverage on shares of Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.56.

Ford Motor Stock Performance

Ford Motor stock opened at $11.23 on Friday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The stock’s 50 day moving average price is $10.80 and its 200 day moving average price is $11.72. The firm has a market capitalization of $44.83 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter last year, the company posted $0.72 earnings per share. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Ford Motor will post 1.88 EPS 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.