Ford Motor (NYSE:F) Shares Purchased by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC raised its holdings in Ford Motor (NYSE:F) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,306 shares of the auto manufacturer’s stock after buying an additional 1,544 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Ford Motor were worth $542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of F. Olistico Wealth LLC purchased a new position in shares of Ford Motor in the 2nd quarter worth $25,000. Family Firm Inc. acquired a new stake in Ford Motor during the second quarter worth about $26,000. Quarry LP purchased a new position in shares of Ford Motor in the 2nd quarter worth about $27,000. Ridgewood Investments LLC acquired a new position in shares of Ford Motor in the 2nd quarter valued at about $28,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Ford Motor during the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on F shares. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Wolfe Research initiated coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Barclays cut their price objective on Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.56.

Ford Motor Price Performance

F stock opened at $11.07 on Friday. The stock’s 50 day moving average is $10.83 and its two-hundred day moving average is $11.69. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company has a market capitalization of $44.01 billion, a PE ratio of 11.53, a P/E/G ratio of 1.58 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) 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 company had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. During the same quarter last year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts predict that Ford Motor will post 1.86 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.