Ford Motor Company (NYSE:F) Shares Acquired by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC grew its stake in Ford Motor Company (NYSE:F) by 14.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 61,998 shares of the auto manufacturer’s stock after purchasing an additional 7,874 shares during the period. Prosperity Consulting Group LLC’s holdings in Ford Motor were worth $622,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Grove Bank & Trust raised its position in Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,882 shares during the last quarter. Elite Financial Inc. purchased a new position in Ford Motor during the 1st quarter worth $27,000. Olde Wealth Management LLC purchased a new position in Ford Motor during the 1st quarter worth $28,000. MorganRosel Wealth Management LLC purchased a new position in Ford Motor during the 1st quarter worth $30,000. Finally, Spurstone Advisory Services LLC purchased a new position in Ford Motor during the 4th quarter worth $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Activity

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider directly owned 113,939 shares of the company’s stock, valued at $1,253,329. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Sanford C. Bernstein downgraded shares of Ford Motor from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. Barclays upped their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group upped their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.37.

Ford Motor Stock Performance

NYSE:F opened at $11.08 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. The firm has a 50-day moving average price of $10.88 and a two-hundred day moving average price of $10.20. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $11.97. The company has a market capitalization of $44.04 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 3.31 and a beta of 1.49.

Ford Motor (NYSE:F) last posted its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The firm had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same period last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Company 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.