Ford Motor (NYSE:F) Shares Sold by My Legacy Advisors LLC

My Legacy Advisors LLC lessened its stake in shares of Ford Motor (NYSE:F) by 18.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 41,459 shares of the auto manufacturer’s stock after selling 9,426 shares during the period. My Legacy Advisors LLC’s holdings in Ford Motor were worth $438,000 at the end of the most recent reporting period.

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

Ford Motor Stock Up 2.1 %

F stock opened at $11.11 on Wednesday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company has a 50-day moving average of $10.79 and a two-hundred day moving average of $11.73. The stock has a market capitalization of $44.35 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last released 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 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 the consensus estimate of $47.79 billion. During the same quarter last year, the company earned $0.72 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Ford Motor will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research note on Tuesday, September 10th. Royal Bank of Canada dropped their price target on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Wolfe Research assumed coverage on shares of Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Barclays dropped their price target on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.56.

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.