Ford Motor (NYSE:F) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC lowered its holdings in Ford Motor (NYSE:F) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,461 shares of the auto manufacturer’s stock after selling 925 shares during the period. Highland Capital Management LLC’s holdings in Ford Motor were worth $227,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Czech National Bank grew its stake in shares of Ford Motor by 6.5% in the 3rd quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock worth $8,403,000 after purchasing an additional 48,456 shares during the last quarter. Claro Advisors LLC grew its stake in shares of Ford Motor by 333.6% in the 3rd quarter. Claro Advisors LLC now owns 59,179 shares of the auto manufacturer’s stock worth $625,000 after purchasing an additional 45,532 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Ford Motor by 1.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock worth $71,039,000 after purchasing an additional 59,082 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Ford Motor by 8.5% in the third quarter. Brookstone Capital Management now owns 955,129 shares of the auto manufacturer’s stock worth $10,086,000 after buying an additional 75,193 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Ford Motor by 1.0% in the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after buying an additional 318,715 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

F stock opened at $11.07 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The company has a market capitalization of $44.20 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 1.58 and a beta of 1.62. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The firm has a 50 day moving average of $10.83 and a two-hundred day moving average of $11.68.

Wall Street Analysts Forecast Growth

Several research analysts have commented on F shares. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Wolfe Research started coverage on shares of Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Wells Fargo & Company decreased their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Finally, Royal Bank of Canada decreased their target price on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average target price of $12.56.

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.